In a major boost to Assam’s infrastructure and economic landscape, KPC Group and Polaris have proposed an investment of Rs 10,000 crore to develop skyscrapers and mega projects in the state. The ambitious initiative, led by Santanu Ghosh, Chief Coordinator of KPC Group & Polaris, aims to establish the iconic KPC Brahmaputra Tower along with a host of other developments across 350 acres of land. The project’s centerpiece, the KPC Brahmaputra Tower, will be built on 25 acres along the banks of the Brahmaputra River, envisioned as the tallest skyscraper in Assam. The remaining 325 acres will house a state-of-the-art aquarium, a stadium, a convention center, a modern hospital and medical college, residential and commercial complexes, government administrative offices, IT hubs, educational institutions, and various entertainment facilities. This large-scale investment is expected to significantly transform Assam’s urban landscape and boost tourism, employment, and economic opportunities. Ghosh has proposed a joint investment model wherein 50-55% of the funding will come from KPC Group and Polaris, while the remaining will be contributed by the state government. The state will provide the required land and facilitate necessary approvals, ensuring smooth execution of the project. The initiative aligns with Assam’s vision of rapid urbanization and infrastructural excellence, making it a landmark for investment in the region.
“We are committed to making Assam a hub for business and tourism. This initiative will not only enhance the state’s infrastructure but also create thousands of job opportunities,” said Ghosh. He further confirmed that KPC Group and Polaris would bear the majority share of the financial burden, requiring only government support in securing land and necessary approvals.Notably, K.P. Choudhury, the founder and chairman of KPC Group and an American NRI, has been convinced by Ghosh to prioritize Assam for this large-scale investment. Choudhury has already secured assurance from Prime Minister Narendra Modi for support and cooperation in facilitating foreign and domestic investments in India. KPC Group has an extensive track record of executing large-scale projects across multiple countries, and this proposal is expected to serve as a milestone in Assam’s journey toward becoming an economic powerhouse in Northeast India. The development of commercial spaces, real estate, healthcare, and IT infrastructure will further attract investments and boost economic growth in the region. The timing of this announcement coincides with the upcoming “Advantage Assam 2.0 – Investment and Infrastructure Summit 2025,” scheduled for February 25-26, 2025, at the Veterinary Field in Khanapara, Guwahati. The summit, one of Assam’s largest investment promotion events, aims to showcase the state’s vast investment potential to global investors and facilitate government-to-business (G2B) and business-to-business (B2B) engagements.
Assam has already witnessed remarkable economic growth, recording a 19.5% year-on-year increase in Gross State Domestic Product (GSDP) in FY 2023. Its strategic location as the gateway to Northeast India and Southeast Asia positions it as a key investment destination across various sectors, including infrastructure, agriculture, food processing, tourism, IT, and manufacturing. Recent high-value investments, such as Tata’s USD 3.3 billion Outsourced Semiconductor Assembly and Test (OSAT) project in Jagiroad, have further solidified Assam’s status as a promising business hub. With the Advantage Assam 2.0 Summit on the horizon, the state government is actively working to connect investors with policymakers and industry leaders, encouraging export-oriented manufacturing and fostering new business opportunities. The proposed investment by KPC Group and Polaris is set to be a game-changer for Assam, ushering in a new era of economic growth and development.