IOC promises huge investment

BY BOBBETA GOGOI

GUWAHATI: In yet another boost for Assam’s economic front the Indian Oil Corporation on Saturday evinces keen interest to invest Rs 3,400 crore in the north eastern state. Top IOC officials who are attending the global investors summit said that the public sector unit will invest the entire amount to set up new unit to boost the operations.

 “We are striking a deal with the Assam government by Sunday—just before the end of the two days summit in Guwahati. The entire amount would be invested within the next five years,” said a top OIL official. He said,” we will further improve the capacities of the LPG bottling plants in Guwahati and Silchar. This would be in addition to the enhancement of the petroleum storage capacities in Digboi.”