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Guwahati: Cairn Oil & Gas, part of Vedanta Group announced a ₹50,000 crore investment in oil and gas exploration and production in Assam. The announcement was made on the opening day of Advantage Assam 2.0, the state’s global investment conclave in Guwahati.
The investment will establish world-class exploration and production (E&P) facilities in Assam. It will also support corporate social responsibility (CSR) initiatives, including:
- Expanding Nand Ghars (modernized anganwadis).
- Launching handloom skill centers.
- Building digital classrooms for women and children.
- Promoting sports to support youth development.
Speaking at the summit, Vedanta Chairman Anil Agarwal reaffirmed his company’s commitment to Assam’s progress in the presence of Prime Minister Narendra Modi, Chief Minister Dr. Himanta Biswa Sarma, and other dignitaries.
He praised Assam’s strategic location, business-friendly policies, and expanding infrastructure, calling it an ideal investment destination. He also emphasized Assam’s potential to become a mega hydrocarbon basin and a key energy hub for India.
“Assam is rich in natural resources and has the potential to become the world’s next mega basin,” said Anil Agarwal. “With an investment of over ₹50,000 crore, we aim to produce 100,000 barrels of oil and gas per day, creating jobs for 1 lakh youth and making Assam a dominant hydrocarbon hub.”
Cairn, in partnership with the Assam State Livelihood Rural Mission (ASLRM), has helped over 3,000 women artisans achieve financial independence through handloom centers.
This MoU strengthens Assam’s role as an industrial and economic powerhouse while reaffirming Vedanta’s commitment to India’s industrial growth and sustainability.
