Press Release

State Government signs MoU with NBCC for construction of Twin Tower Trade Centre in Guwahati

State Government signs MoU with NBCC for construction of Twin Tower Trade Centre in Guwahati

State Government signs MoU with NBCC for construction of Twin Tower Trade Centre in Guwahati


Dispur, Feb 2: In a major development ahead of the Global Investors' Summit, which begins tomorrow, Government of Assam signed an MoU with National Building Construction Corporation (India) Limited for setting up a Twin Tower Trade Centre in Guwahati with a project cost of Rs. 1950 crore in self-financing mode. This iconic project will be implemented at Basistha Crossing near NH-37 with a completion period of sixty months. The construction work of the Twin Tower will commence from July 2018 using green technologies and would reflect rich natural heritage and culture of Assam.

Speaking on the occasion, Union Minister of State (Independent Charge) of the Ministry of Housing and Urban Affairs, Hardeep Singh Puri said, "This building is not just an impressive structure but it embodies the spirit of progress, the aspirations of the youth and a world class design" adding that July 2018 as the commencement day fits in beautifully with Prime Minister Narendra Modi's concept of new India.

The Union Minister further said, Today we are two and a half trillion dollar economy and fifty percent of it is the external sector. This economy is going to be six trillion dollar by the year 2025 and we should therefore be thinking along the lines of Prime Minister's vision of Swacchata, Housing for all and Smart Cities to reap maximum dividend. This building is going to be not only a symbol of the greatness of Assam but also a visible manifestation of PM's Act East Policy", he added.

Puri also stressed on the need for improved connectivity for Assam and the North East for becoming a nodal point for connectivity with the South East Asia and for prosperity of the region. He also put thrust on ease of doing business for drawing clients for procuring space in the Twin Tower and informed that with urbanization taking new form, it is always helpful to be able to have the inter-state economic entities in the same place. The Union Minister also urged NBCC to maintain the project guidelines and assured to extend all support from the Government of India.

Chief Minister Sarbananda Sonowal in his speech said that the state government in its aim of creating an ecosystem through which state would prosper decided to build the Twin Tower Trade Centre to develop an international environment for business.

Thanking NBCC for taking up the Himalayan responsibility to build the Tower, he hoped to get support from all quarters. "The modern tower with in-house arrangement will give a new boost to the business in the state", Sonowal asserted. He also mentioned that the state government is organizing the global investors' summit to boost employment generation and doubling farmers' income.

Minister of Industry & Commerce Chandra Mohan Patowary, MP Kamakhya Prasad Tasa, Chief Secretary VK Pipersenia, Additional Chief Secretary Ravi Capoor, CMD NBCC Dr. Anup Kumar Mittal and other officials of state and central governments were present in the MoU signing ceremony.