Assam, Star Cement ink Rs 1,400 cr investment pact

15 May 2023 CW Team

Star Cement and the Government of Assam signed a Memorandum of Understanding (MoU) today for an investment of Rs 1,400 crore in the state.

The MoU was signed by Chief Minister Himanta Biswa Sarma, Minister of Industry & Commerce Bimal Bora, Star Cement Chairman Sajjan Bhajanka and Executive Director Tushar Bhajanka.

The investment will be used to set up a cement grinding unit in Guwahati, another cement grinding unit in Cachar, as well as AEC Block and other construction manufacturing units in Guwahati.

The investment is expected to create thousands of direct and indirect jobs in the state.

Sajjan Bhajanka said that he felt privileged to be a part of this historic day and that their investment would contribute to the development of infrastructure in the state. He also said that they hoped to promote industrial activity in the state and become a dedicated agent in the overall development of the region.

Chief Minister Himanta Biswa Sarma called it a "red letter day" for the state and said that it had received Rs 8201.29 crore in private investment. He also said that they had resolved the fault line in their society and that they hadn't seen any bandh or agitation that endangered the industrial environment of the state in the last two years.

The investment by Star Cement is a major boost for the state's economy and will help to create jobs and promote industrial activity. It is also a sign of confidence in the state's investment climate.

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