Star Cement, Assam government inks MoU worth Rs 1,400 crore

12 May 2023 CW Team

Star Cement and the Government of Assam have signed an MoU for an investment worth Rs 1400 crores in Assam.

The MOU calls for the establishment of a cement grinding unit in Guwahati, as well as another cement grinding unit in Cachar, as well as AEC Block and other construction manufacturing units in Guwahati.

The total investment of 1,400 crores was signed between the Government of Assam and Star Cement, led by Chief Minister Himanta Biswa Sarma and Minister of Industry & Commerce Bimal Bora, in the presence of Star Cement Chairman Sajjan Bhajanka and Executive Director Tushar Bhajanka.

"We feel privileged to be a part of this historic day where our investment will contribute to the development of infrastructure in the state that will generate thousands of direct and indirect jobs in the state," said Sajjan Bhajanka, Chairman of Star Cement.

"With the help of the state government, Star Cement hopes to promote industrial activity in the state and become a dedicated agent in the overall development of the region."

Sarma called it a "red letter day" because the state received Rs 8201.29 crore in private investment.

"We have resolved the fault line in our society," he said. For the first time since the Assam agitation, the last two years have been unprecedented in our history, we haven’t seen any bandh or agitation that endangered the industrial environment of the state.”

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