The inaugural day of the first-ever Global Investors’ Summit in Assam saw signing of as many as 176 initial pacts in a range of sectors with investment commitments worth Rs 65,186 crore, an official said. Leading from the front, public sector oil behemoth ONGC committed Rs 13,000 crore investment in the state, according to the spokesperson of ‘Advantage Assam - Global Investors’ Summit 2018’. Another oil PSU Oil India Ltd pledged an investment of Rs 10,000 crore, the official said.
Oil India Chairman and MD Utpal Bora told PTI the company has signed a Memorandum of Understanding (MoU) with Assam Petrochemicals Ltd and the Assam government. “We are also signing an MoU to form a joint venture company with IOC, ONGC, NRL and GAIL. This is to connect all the North Eastern state capital with gas pipelines from Guwahati,” he added.
Two more oil firms Indian Oil Corporation (IOC) and Numaligarh Refinery Ltd (NRL) also evinced interest to invest Rs 3,432 crore and Rs 3,410 crore, respectively, the spokesperson said.