*Guwahati:* Mining major Vedanta Group, chaired by Anil Agarwal, has announced a substantial investment of ₹50,000 crore in the oil and gas sectors of Assam and Tripura over the next 3-4 years. Speaking at the inaugural event of the Advantage Assam investment summit in Guwahati, Agarwal revealed that group firm Cairn Oil & Gas has already invested around ₹2,500 crore in the two northeastern states.
“Assam has abundant natural resources and the potential to become the world’s mega basin. We are poised to play a pivotal role in Assam’s sustainable growth and development,” Agarwal stated. He added that the investment is aimed at producing 1,00,000 lakh barrels of gas and oil per day and creating employment opportunities for the youth of the region.
#### Advantage Assam 2.0 Investment Summit
The Advantage Assam 2.0 Investment and Infrastructure Summit was inaugurated by Prime Minister Narendra Modi on Tuesday in Guwahati. The event saw the presence of industry captains and business delegations from foreign countries. During the summit, several major investment announcements were made, including:
– *Reliance Industries Chairman Mukesh Ambani* pledged an investment of over ₹50,000 crore in Assam over the next five years.
– *Adani Group Chairperson Gautam Adani* also announced an investment of ₹50,000 crore in Assam.
The investments are expected to drive significant economic growth and development in the region, further positioning Assam and Tripura as key players in India’s energy sector.
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