Big investment leap for Arunachal: Rs 6,357 Cr MoUs inked at NE Summit

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ITANAGAR: Arunachal Pradesh has attracted investments worth Rs 6,357 crore through the signing of 16 memorandums of understanding (MoUs) during the two-day Rising Northeast Investors Summit, held at New Delhi from May 23 to May 24 last.

The agreements span key sectors including agri-biofuel, afforestation, healthcare, education, information technology, tourism, and renewable energy.

The MoUs were signed between the state Planning & Investment secretary, and representatives from the investing companies, an official statement said here on Sunday.

Among the major projects is a Rs 2,324 crore investment by Agri-Biofuel Global Ltd to convert agricultural waste into aviation and maritime fuel, while Developer Group India Pvt Ltd committed Rs 1,760 crore for afforestation and carbon credit monetization, along with additional investments for bamboo plantations.

Inlamobi Pvt Ltd has proposed Rs 1,000 crore to set up a European Blue Valley Fragrances & Flavours Ayush Cluster, while Medhavi Group will invest Rs 178 crore to establish a Skill, Innovation & Tribal Entrepreneurship University at Ziro, expected to generate over 430 direct jobs.

Farm Native Group will invest Rs 150 crore in a 250-bed super specialty hospital, projected to create over 1,000 direct and indirect jobs.

Other agreements include proposals in data centres, tourism infrastructure, herbal products, and spiritual and heritage tourism.

These investments are set to create thousands of employment opportunities, enhance healthcare and education, and promote sustainable growth in the state, the statement said.

Deputy Chief Minister Chowna Mein, who also oversees the Planning & Investment portfolio, witnessed the MoU signings.

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