Kothari Industrial Corporation has inked memorandum of understanding (MoU) with the Government of Assam. This landmark MoU marks the company’s foray into mining rare earth and critical minerals in Assam.
Under the MoU, KICL has committed an initial investment of Rs 500 crore, with an estimated direct employment generation of 3000 jobs. The project will be developed in collaboration with the Assam government and its public sector undertakings (PSUs), ensuring a seamless integration of expertise, infrastructure, and sustainable development practices. This strategic partnership underscores Assam’s growing importance as a hub for mineral exploration and KICLs unwavering commitment to national development.
The Government of Assam has assured KICL of all necessary approvals, registrations, and clearances through the Ease of Doing Business (EoDB) Portal. This collaboration is expected to accelerate industrial growth, empower local communities, and position Assam as a key player in India's critical minerals sector.
Kothari Industrial Corporation is mainly engaged in manufacturing and trading of fertilizers.
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