India: Mahabal Cement has signed a memorandum of understanding (MoU) for a US$1.26bn investment at the Advantage Assam summit.
The investment will have several phases. The first phase will be the construction of an integrated cement plant in Assam's Dima Hasao district, followed by a ready-mix concrete plant, which will produce autoclaved aerated concrete blocks. More than 3000 jobs will reportedly be created through the investment.
