February 25, 2025: Assam is set to witness a major economic boost as two of India's top business tycoons, Gautam Adani and Mukesh Ambani, announced investments worth Rs 50,000 crore each at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati.

Adani Group Chairperson Gautam Adani emphasized the transformative role such investor summits have played in India's development over the past two decades. “These summits have far exceeded their original ambitions, becoming catalysts for change and attracting billions in investments,” he said.

This announcement follows Adani's recent Rs 2.1 trillion investment pledge in Madhya Pradesh, aimed at generating over 100,000 jobs through projects in smart cities, airports, and coal gasification.

Adani also praised Assam Chief Minister Himanta Biswa Sarma for his leadership and commitment to social reforms. “Every time I meet you, I leave inspired. You have ignited hope and transformed it into action,” he stated.

On the other hand, Reliance Industries Chairman Mukesh Ambani outlined an ambitious roadmap for Assam’s technological and retail expansion. While addressing the summit, he stated, “Assam, once known as the ‘tea paradise,’ will soon be recognized as a ‘technology paradise.’”

Ambani announced that Reliance will establish an AI-ready center in Assam, coining the term "Assam Intelligence" for AI innovation in the region. Additionally, the conglomerate plans to double its retail presence in the state by expanding Reliance stores from 500 to 800 over the next five years.

Furthering its commitment to sustainability, Reliance will also build two world-class clean biogas hubs in Assam.

With a combined investment of Rs 1 lakh crore from Adani and Ambani, Assam is poised for significant economic and infrastructural transformation, further cementing its position as a key investment hub in India.