India, Feb. 23 -- The Assam Cabinet on Sunday approved memorandums of understanding (MoUs) worth over Rs.1.22 lakh crores to be signed during the Advantage Assam 2.0 infrastructure and investment summit scheduled to be held in Guwahati next week.

"After a nearly three-hour-long deliberation, the Cabinet approved proposals worth Rs.1.22 lakh crores from various sectors, except piggery. The figure could go much higher once more announcements are made by different companies during the summit," chief minister Himanta Biswa Sarma said.

"The Cabinet cleared the MoUs after detailed discussion as we didn't want to encourage flimsy or casual deals and create unnecessary euphoria among people. The cabinet rejected MoU proposals worth Rs.45,000 cr...