Chennai's KICL Powers Assam: ₹500 Cr Mineral Boom & 3,000 Jobs

Chennai-based Kothari Industrial Corporation Limited (KICL) has entered into a memorandum of understanding (MoU) with the Government of Assam to invest Rs 500 crore in projects related to the extraction of minerals and ores.

The agreement was formalized during the Advantage Assam 2.0 Investment and Infrastructure Summit held in Guwahati, with Assam Chief Minister Himanta Biswa Sarma present.

Through this project, KICL plans to create approximately 3,000 direct job opportunities. The initiative will be carried out in partnership with the Assam government and its public sector enterprises, ensuring a well-structured implementation process. This investment is expected to significantly enhance Assam's industrial and economic landscape, complementing the state’s ongoing efforts to encourage private sector involvement in its resource-based industries.