Srinagar, Feb. 23 -- Guwahati-The Assam Cabinet on Sunday approved investment proposals worth Rs 1.22 lakh crore ahead of the second edition of the state business summit.

TheSummitis beingheld in Guwahati on 25 and 26 February, 2025,Chief Minister Himanta Biswa Sarmaannounced.

Addressing a press conference after a cabinet meeting, Sarma said that it had been decided that all MoUs, which will be signed during the Advantage Assam 2.0 Investment and Infrastructure Summit here, will be "properly scrutinised and then approved" by the council of ministers.The cabinet rejected MoUs worth Rs 45,000 crore as these were found to be on "flimsy grounds", he said.

"We don't want to create unnecessary euphoria among people, we want to be reasonable ...