Guwahati, Feb. 23 -- The Assam Cabinet has accorded the green light to investment proposals worth Rs 1.22 lakh crore ahead of the Advantage Assam 2.0 summit, scheduled to take place on Tuesday and Wednesday in the state's capital city Guwahati.

The summit is set to kick off with the approval of these Rs 1.22 lakh crore investments by the state Cabinet, and the figures are expected to soar during the Advantage Assam 2.0 summit days.

Chief Minister Himanta Biswa Sarma, addressing a press conference on Sunday, apprised reporters that the Cabinet rejected investment proposals worth about Rs 35,000-45,000 crore.

The chief minister said the Cabinet rejected in what he termed as a "casual kind of proposal".

"Whatever filmsy kind of proposal,...