Silchar: Cachar District has scripted a new chapter in its industrial growth story by securing investment commitments of ₹299.865 crore at the Advantage Assam 2.0 investment summit. With the signing of 84 Memorandums of Understanding (MoUs) with private investors, the district has positioned itself as a burgeoning hub for economic expansion and job creation.
The two-day event, which commenced on tuesday, saw an impressive participation of stakeholders from various sectors, including investors, Self-Help Groups (SHGs), and the Fishery Department, among others.
A total of 84 Memorandums of Understanding (MoUs) were signed over the course of the event, paving the way for a massive investment of Rs. 299.865 crores in the district. This substantial capital infusion is projected to generate approximately 2,008 employment opportunities, fueling the region’s economic growth and fostering entrepreneurship.
The MoU signing ceremony, held at the new conference hall of the District Commissioner’s office in Silchar on February 25 and 26, streamlined investment approvals through a single-window system, reinforcing Assam’s commitment to enhancing the ease of doing business. The event marked a significant milestone in attracting both small-scale and large-scale investors eager to capitalize on the district’s economic potential.
District Commissioner Mridul Yadav, while formally signing the agreements, reaffirmed the administration’s resolve to foster a dynamic and business-friendly ecosystem. Addressing a gathering of entrepreneurs, he emphasized that entrepreneurship is the backbone of economic growth and urged investors to prioritize innovation, quality manufacturing, and superior service delivery to compete in an evolving market. His remarks were echoed by ADC , Yubaraj Borthakur, another key district official, who highlighted the pivotal role of industrial expansion in regional progress. He directed officials to adopt a proactive approach in facilitating investments and ensuring a smooth business environment for entrepreneurs.
The investment proposals received during the summit ranged from ₹1 crore to ₹25 crore, reflecting a diverse industrial landscape. On the inaugural day, February 25, investment agreements worth ₹186.70 crore were signed, followed by additional commitments totaling ₹133.165 crore on February 26. Among the 84 projects, 9 major projects exceeded ₹10 crore, while 75 smaller-scale projects remained below ₹10 crore, ensuring widespread economic development across various sectors.
Adding to the grandeur of the summit was the live broadcast of the Advantage Assam 2.0 investment and infrastructure summit, inaugurated by Prime Minister Narendra Modi from Khanapara, Guwahati. The virtual session witnessed the participation of senior district officials, including Additional District Commissioner, Yubaraj Borthakur and the Chief Manager of the District Industry and Trade Center, alongside a robust presence of investors and entrepreneurs eager to explore opportunities in the region.
With this landmark achievement, Cachar is all set to witness a transformative industrial boom, bringing with it substantial employment opportunities and economic acceleration.
The successful execution of MoUs at Advantage Assam 2.0 is expected to act as a catalyst for sustained industrial expansion, paving the way for a prosperous and business-friendly environment in the district by embracing progressive investment policies and fostering a conducive atmosphere for enterprises.
