Investments hit by CAA stir: Assam Minister Chandra Mohan Patowary

Guwahati: Assam industry minister Chandra Mohan Patowary has said that anti-CAA protesters should note that Rs 42,78,228 crore investment in the oil and gas sector alone could be affected by the agitation. He said several foreign investors had shelved their plans following the stir.

“We a re making a proposal to augment the capacity of Bongaigaon Refinery & Petrochemicals Limited from a refining capacity of 3 million metric tonnes per annum to 6 mmtpa, with a provision to augment it to 9 mmpta in future. Together with capacity addition of Numaligarh Refinery Limited, gas grids and other projects in hydrocarbon sector, the Centre is investing close to Rs 42,782,28 crore in the state. For exploration of gas and oil in 100 places in Assam, the Centre has sanctioned Rs 3,600 crore,” he said.

“Companies from Hungry and Norway have shelved plans of investing in Assam. The investments were of Rs 4,000 crore and Rs 2,000 crore, respectively. They said it was not the right time.”