Guwahati: The Assam government inked a memorandum of understanding (MoU) with SBI Capital Markets on Thursday with the goal of utilising the expertise of a public sector capital market player in the state’s limestone and iron-ore block auctioning process.
The MoU was signed by the Directorate of Geology and Mining of Assam from the state government’s perspective
On Thursday, Assam’s chief minister, Himanta Biswa Sarma held a frank discussion with PSU representatives and business executives about the state’s industrial expansion and new investments.
The chief minister thanked them for their recommendations and reaffirmed our commitment to fostering an environment that will allow Assam to become a developed state.
Sarma said “Revenue generation from the limestone and iron-ore block auctioning processes is expected to reach a total of Rs. 43,850 crore and Rs. 1,850 crores in 50 years. Apart from creating jobs, it will result in the state’s limestone, iron, steel, and cement industries expanding.”