Assam Government to Relocate Fancy Bazar Wholesale Market to Outskirts
Guwahati, 12th February: In her budget speech today, Feb 12, State Finance Minister Ajanta Neog announced the State Government’s decision to shift the Fancy Bazar wholesale market to the outskirts of the city. This move aims to ease congestion in the Fancy Bazar area and boost commercial activity in the city’s largest commercial zone.
Minister Neog stated, “It is proposed to relocate the wholesale market at Fancy Bazar to the city’s outskirts. This move aims to alleviate congestion in the area while stimulating commercial activity.”
Furthermore, the Minister disclosed plans by the Guwahati Metropolitan Development Authority (GMDA) and Assam Industrial Development Corporation (AIDC) to develop an industrial township at Jagiroad, utilizing the land of the former Nagaon Paper Mill. Work on this project is expected to commence soon.
Additionally, the Urban Development Department is set to implement the 10 Cities Development Concept, allocating ₹10 crore per Urban Local Body (ULB) over three years.
Moreover, the Japan International Cooperation Agency (JICA)-assisted Guwahati South Central Groundwater Supply Project anticipates the commissioning of additional reservoirs by June 2024.
To fund these initiatives, Minister Neog allocated ₹3084.59 crore to the Housing and Urban Affairs Department.