JSW Group Chairman Sajjan Jindal announced on Tuesday that the company will invest in Assam’s cement manufacturing, renewable energy, and thermal power sectors. Speaking at the Advantage Assam 2.0 Investment and Infrastructure Summit, Jindal highlighted the state’s rapid growth and reaffirmed JSW Group’s commitment to supporting its economic development.
“We are looking into investment opportunities in the cement manufacturing sector in the state… We are looking into investments in the renewable and thermal power sectors. We will invest in the largest thermal power plant here, which will help meet power requirements for fast-paced development,” Jindal said.
Reflecting on his childhood visits to Tinsukia, Jindal expressed a personal connection with Assam.
“When I used to visit as a kid, my grandfather would tell me tales of bravery about local legends. Now, when I return, I am glad to see the development taking place here,” he said.
Jindal emphasised Assam’s crucial role in India’s economic trajectory. As India moves towards becoming the world’s third-largest economy, he noted that the Northeast region will play a vital role in this transformation.
Jindal’s announcement follows major investment commitments from other industry leaders. Reliance Industries Chairman Mukesh Ambani and Adani Group Chairman Gautam Adani have each pledged investments of Rs 50,000 crore in Assam.
The Advantage Assam 2.0 Summit, inaugurated earlier today by Prime Minister Narendra Modi, aims to attract top industry leaders and international business delegations. Assam Chief Minister Himanta Biswa Sarma projects that the summit will generate investment proposals exceeding Rs 120 trillion, with several key memoranda of understanding (MoUs) expected to be signed over the two-day event.
This wave of investment signals a promising future for Assam, with industries and policymakers aligning to drive economic growth and infrastructure development in the state.
