In a significant boost to Assam’s industrial and energy sectors JSW Group Chairman Sajjan Jindal announced on Tuesday that the company plans to invest in cement manufacturing, renewable energy and thermal power in the state. Speaking at the Advantage Assam 2.0 Investment and Infrastructure Summit, Jindal highlighted Assam’s rapid development and expressed the group’s commitment to being part of its growth journey.
Key Highlights of JSW’s Investment Plan
- Cement Manufacturing: JSW Group is exploring investment opportunities in the cement manufacturing sector to support infrastructure development in Assam.
- Renewable Energy: The company plans to invest in renewable energy projects, aligning with India’s clean energy goals.
- Thermal Power: JSW will invest in the largest thermal power plant in Assam to meet the state’s growing energy demands and support its fast-paced development.
Jindal’s Personal Connection with Assam
Jindal shared his personal connection with Assam, recalling childhood visits to his maternal grandparents in Tinsukia.
“When I used to visit as a kid, my grandfather would tell me tales of bravery about local legends. Now, when I return, I am glad to see the development taking place here,” he said.
Northeast’s Role in India’s Growth
Jindal emphasized the strategic importance of the Northeast in India’s economic growth, stating, “As India is poised to become the third-largest economy in the world, the Northeast region has a major role to play. The PM has a special connection with this region and has emphasized that the country will grow when the Northeast grows.”
He praised the region’s progress, driven by the double-engine government (central and state governments working together), and highlighted the expansion of national highways, airports, and logistics parks as indicators of this growth.
JSW’s Commitment to Assam’s Development
Jindal affirmed JSW Group’s interest in investing in Assam, stating, “We are looking into investment opportunities in the cement manufacturing sector in the state.”
He added, “Power is another important sector in driving development. We are looking into investments in the renewable and thermal power sectors in the state. We will invest in the largest thermal power plant here, which will help meet power requirements for fast-paced development.”
Government Support and Global Ambitions
Jindal commended the Assam government for its efforts to attract industries and expressed hope that the Advantage Assam 2.0 Summit would position the state as a global investment hub.
“The government of Assam has taken steps for getting industries, and we are hopeful that this summit will make the state a global investment hub,” he said.
Looking Ahead
JSW Group’s investments in cement, renewable energy, and thermal power are expected to significantly contribute to Assam’s industrial and economic growth. By leveraging its expertise in these sectors, JSW aims to support the state’s development while aligning with India’s broader goals of infrastructure expansion and clean energy transition.
As Assam continues to attract investments from major industrial players like JSW, the state is poised to emerge as a key driver of India’s economic growth and a hub for sustainable development.
