The Government of Assam has approved a landmark fiscal incentives package for the development of India’s first industrial-scale Bamboo-to-Biomethanol facility — an estimated $1.2 billion (approximately ₹10,000 crore) project that positions the state as a pioneer in the global clean and sovereign fuels transition. Developed in collaboration with project developer Novel Biofuels and global infrastructure origination leader ACTUAL, the facility will produce 1,400 KLPD (kiloliters per day) of high-purity biomethanol from sustainably harvested bamboo sourced from Assam’s smallholder farming communities. It is expected to be commissioned by 2030, with site development and supply chain buildout commencing in 2026.

The project is projected to create more than 30,000 direct and indirect jobs across plant operations, bamboo cultivation, and rural supply chain infrastructure, making it one of the largest rural employment​.