Assam Cabinet Approves Rs 215 Mn for MSME Growth
ECONOMY & POLICY

Assam Cabinet Approves Rs 215 Mn for MSME Growth

The Assam Cabinet has approved a Rs 215.2 million allocation under the SIDBI Cluster Development Fund, aiming to boost Micro, Small, and Medium Enterprises (MSMEs) across the state. This initiative is part of the government’s broader efforts to promote balanced economic growth and empower local businesses.

Strengthening Assam’s MSME Sector The SIDBI Cluster Development Fund will support MSME expansion, infrastructure improvements, and technological upgrades, enabling entrepreneurs to scale their operations and contribute to Assam’s growing industrial landscape.

Vivanta Guwahati Expansion to Enhance Tourism In addition to MSME development, the Cabinet has sanctioned land for the expansion and upgradation of Vivanta Guwahati, a leading luxury hotel in the state.

This move is expected to:

Enhance tourism infrastructure Attract more domestic and international visitors Boost Assam’s hospitality sector The decision was made during the Assam Cabinet meeting on March 9, reinforcing the state’s commitment to economic growth and tourism development.

The Assam Cabinet has approved a Rs 215.2 million allocation under the SIDBI Cluster Development Fund, aiming to boost Micro, Small, and Medium Enterprises (MSMEs) across the state. This initiative is part of the government’s broader efforts to promote balanced economic growth and empower local businesses. Strengthening Assam’s MSME Sector The SIDBI Cluster Development Fund will support MSME expansion, infrastructure improvements, and technological upgrades, enabling entrepreneurs to scale their operations and contribute to Assam’s growing industrial landscape. Vivanta Guwahati Expansion to Enhance Tourism In addition to MSME development, the Cabinet has sanctioned land for the expansion and upgradation of Vivanta Guwahati, a leading luxury hotel in the state. This move is expected to: Enhance tourism infrastructure Attract more domestic and international visitors Boost Assam’s hospitality sector The decision was made during the Assam Cabinet meeting on March 9, reinforcing the state’s commitment to economic growth and tourism development.

Next Story
Infrastructure Transport

UP Signs Rail Deal to Boost Logistics Infrastructure

To bolster Uttar Pradesh’s industrial and logistics ecosystem, Invest UP and the Lucknow Division of Northern Railway signed a memorandum of understanding (MoU) at Lok Bhawan on Wednesday.The MoU, signed by Invest UP CEO Vijay Kiran Anand and Rajneesh Kumar Srivastava, Senior Divisional Operations Manager of Northern Railway, aims to provide railway land to investors at a concessional lease rate of 1.5 per cent of the prevailing industrial or circle rate for a 35-year period.According to the official statement, the move will support the development of warehousing and logistics infrastructure..

Next Story
Infrastructure Transport

RVNL Wins Rs 1.16 Bn Railway Electrification Contract

Rail Vikas Nigam Ltd (RVNL) has received a letter of intent from Central Railway for an electrification system upgrade contract valued at Rs 1.16 billion. The project, according to the company’s stock exchange filing, will be completed within 24 months.The scope of the work involves modification of the current 1x25 kV electric traction system to a 2x25 kV configuration at the feeding system in the Itarsi-Amla section, located in the Nagpur Division. This upgrade is part of broader efforts to modernise and strengthen the efficiency of India’s railway electrification infrastructure.RVNL cont..

Next Story
Infrastructure Transport

Mumbai Rail Network to Expand with New Airport, Port Links

The Maharashtra government’s infrastructure drive in the Mumbai Metropolitan Region (MMR) will see a major expansion of suburban railway corridors on both Central and Western Railways, with new lines planned to improve airport and port connectivity.The Union Railway Ministry has instructed both zones to conduct feasibility surveys for new lines connecting Navi Mumbai International Airport (NMIA), segregating suburban and long-distance services, and building a new rail link from Dahanu to the upcoming Vadhavan Port in Palghar—touted as India’s largest port.On the Central Railway, surveys ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?