Assam Government Signs Rs 229 Billion Project MoUs

23 May 2025 CW Team

The Assam government has signed Memorandums of Understanding (MoUs) for twenty projects valued at Rs 229 billion, following proposals from the Advantage Assam 2.0 investment summit held in February. These agreements mark binding commitments now advancing to execution.

Chief Minister Himanta Biswa Sarma emphasised a balanced focus on large infrastructure and labour-intensive sectors such as agriculture and dairy. Key projects include waste management, the Tata Gateway initiative, solar power generation, and ethanol production.

Since the summit, Rs 230 billion worth of investments have been cleared for implementation, expected to create approximately six thousand jobs. Earlier, proposals without serious intent were filtered to ensure a higher conversion rate from planned investments to actual projects.

Significant infrastructure initiatives include the Guwahati ring road and the Narengi-Kuruwa bridge over the Brahmaputra, valued at Rs 78 billion, alongside the Union Cabinet-approved Guwahati-Silchar express highway costing Rs 230 billion.

The Chief Minister also announced plans for a subsequent MoU signing later this year and highlighted Amul’s Rs 750 million milk processing unit investment, projected to generate twenty thousand jobs. This exemplifies how sectors like dairy and agriculture can offer high employment relative to investment.

Source:Newsonprojects.com

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..