Ambani, Adani to invest Rs 50,000 cr each in Assam; PM Modi inaugurates Advantage Assam 2.0

The commitments were made at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, which was inaugurated by Prime Minister Narendra Modi.

Addressing the summit, Reliance Industries Chairman Mukesh Ambani stated that his company's Rs 50,000 crore investment would accelerate Assam’s development and establish it as a hub of technological innovation.

"At the 2018 investment summit, I announced an investment of Rs 5,000 crore. Since then, our investments have surpassed Rs 12,000 crore. This amount will now quadruple as we commit Rs 50,000 crore over the next five years," Ambani said.

He highlighted Assam’s shift from the "periphery to the centre of India's development map" and praised the government’s 'Act East, Act Fast, Act First' initiative.

According to him, Assam’s rapid growth could position it as a key economic hub, attracting attention from Southeast and East Asia.

Ambani also predicted a crucial role for Assam’s youth in the artificial intelligence sector. "Because of the popularity of Assam tea, until now, Assam has been known as the tea paradise," he remarked.

"In the coming years and decades, I am sure Assam will be known to the world also as a technological paradise. Assam’s tech-savvy youth will give a new meaning to AI—where AI will not only stand for Artificial Intelligence but also Assam Intelligence."

Adani Group Chairman Gautam Adani also announced his company's commitment to investing Rs 50,000 crore in Assam.

He outlined plans to expand across key sectors, including airports, aero-cities, city gas distribution, transmissions, cement, and road projects.

"It is with great pride that I announce today the Adani Group's commitment to invest Rs 50,000 crore in Assam," he said.

Reflecting on the broader impact of investor summits, Adani noted that such events have played a transformative role in India's economic growth over the past two decades, drawing in billions of dollars in investments and reinforcing the vision of a 'Viksit Bharat' (Developed India).

His announcement follows a Rs 1.1 trillion investment commitment in Madhya Pradesh made a day earlier at the Madhya Pradesh Global Investors Summit in Bhopal.

That investment, expected to create over 100,000 jobs, includes plans for a greenfield smart city, an airport, and a coal gasification project, with discussions for further investments in the state ongoing.

Drawing a comparison between Assam’s summit and Gujarat’s economic evolution, Adani recalled the origins of Gujarat’s investor summits in 2003 with the Resurgent Gujarat event, which later evolved into the Vibrant Gujarat Global Summit.

"What started as a spark has now ignited a national movement inspiring every state to add up the power of investment-driven economic transformations," he said.

PM Modi inaugurates advantage Assam 2.0 Summit

Earlier in the day, Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 Summit, which aims to bring together top industry leaders and international business delegations.

Assam Chief Minister Himanta Biswa Sarma stated that the summit is expected to generate investment proposals exceeding Rs 120 trillion, with several key MoUs set to be signed during the two-day event.

He highlighted Assam’s shift from the "periphery to the centre of India's development map" and praised the government’s 'Act East, Act Fast, Act First' initiative.

According to him, Assam’s rapid growth could position it as a key economic hub, attracting attention from Southeast and East Asia.