Itanagar: Arunachal Pradesh has received investment proposals worth Rs 6357 crore through 16 Memoranda of Understanding (MoUs) at the Rising Northeast Investors Summit.
The MoUs, signed during the Rising Northeast Investors Summit, span across different sectors like agri-biofuel, afforestation, healthcare, education, IT, tourism and renewable energy.
The agreements were signed between the Arunachal Secretary of Planning and Investment and representatives of different companies.
Arunachal Deputy CM Chowna Mein, who holds the Planning and Investment portfolio, attended the signings of the MoUs.
Agri-Biofuel Global Ltd. plans to invest Rs 2324 crore to convert agricultural waste into fuel for aviation and maritime use.
Developer Group India plans a Rs 1760 crore investment for afforestation and carbon credit monetisation initiatives, along with additional investments in bamboo plantations.
Inlamobi Pvt Ltd has proposed a Rs 1000 crore investment to establish a European Blue Valley Fragrances & Flavours Ayush cluster.
Medhavi Group plans to invest Rs 178 crore to build a Skill, Innovation and Tribal Entrepreneurship University in Ziro. This is expected to generate over 430 direct jobs.
Farm Native Group will invest Rs 150 crore in a 250-bed super-speciality hospital. This is projected to create more than 1000 direct and indirect jobs.
Other agreements include the development of data centres, tourism infrastructure and projects focused on spiritual and heritage tourism.
These investments are expected to generate thousands of employment opportunities, improve healthcare and education facilities and support Arunachal’s sustainable development goals.
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