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Time of India
25-05-2025
- Business
- Time of India
Arunachal signs MoUs worth Rs 6,357 crore at Rising Northeast Investors Summit
Arunachal Pradesh signed Memorandums of Understanding (MoUs) worth Rs 6,357 crore with 16 investors across diverse sectors during the two days Rising Northeast Investors Summit 2025 which was held at Bharat Mandapam, New Delhi. MoUs were made with Agri-Biofuel Global Ltd. on converting Agri-waste into aviation and maritime fuel for Rs 2,324 crore; with Developer Group India Pvt. Ltd. on afforestation and carbon credit monetization for Rs 1,760 crore, on Beema Bamboo Plantation for Bio Fuel for Rs 570 Crore & Trial Plantation of Moso Bamboo worth Rs 55 Crore. MoU were also signed with Inlamobi Pvt. Ltd. for proposed investment of Rs 1,000 crore to establish European Blue Valley Fragrances & Flavours, Ayush Cluster; with Medhavi Group for an investment of Rs 178 crore to establish an Skill, Innovation & Tribal Entrepreneurship University at Ziro which is expected to generate over 430 direct employment opportunities; with Farm Native Group, for the establishment of a 250-bed Super Speciality Hospital involving an investment of Rs 150 crore with a projection to create between 900–1,100 direct jobs and an additional 1,000–1,500 indirect employment opportunities. Additionally, MoU were also inked with Zedsoftpoint for an investment of Rs 150 crore in Data Centres, IT & ITeS; Vishwakarma & Co. for Rs 100 crore to develop a tourism-focused hotel in Ziro. Other MoUs signed also include proposals related to renewable energy, bamboo processing, herbal and turmeric product development, and promotion of spiritual & heritage tourism. These investments are expected to generate thousands of direct and indirect employment opportunities for our youths besides enhancing skill development, innovation, health care services and agriculture & allied sectors in the State. Deputy Chief Minister of Arunachal Pradesh, Chowna Mein, who is also the Minister-In-Charge of Planning & Investment witnessed the signing of several significant Memoranda of Understanding (MoUs) between the Department of Planning & Investment, Government of Arunachal Pradesh, and various private sector investors. Mein said that these MoUs represent a transformational moment for Arunachal Pradesh. They reflect growing investor confidence in the State's potential and reinforce our commitment to inclusive and sustainable development. He invites them to be a part of Arunachal Pradesh's growth story. Mein also commended the Department of Planning & Investment for its proactive efforts in facilitating these partnerships and fostering an investor-friendly environment.
Hindustan Times
25-05-2025
- Business
- Hindustan Times
Arunachal govt inks MoUs worth ₹6,357 crore at Rising Northeast Investors Summit
The Arunachal Pradesh government signed memorandum of understanding (MoUs) worth ₹6,357 crore with 16 companies across a wide range of sectors during the two-day Rising Northeast Investors Summit 2025, held at Bharat Mandapam in New Delhi from May 23 to 24. The MoUs were inked between the state's department of planning and investment and representatives of private investors in a bid to attract investments in agriculture, healthcare, renewable energy, tourism and IT, among other sectors. Key agreements include a ₹2,324 crore deal with Agri-Biofuel Global Ltd. to convert agricultural waste into aviation and maritime fuel, and a ₹1,760 crore MoU with Developer Group India Pvt. Ltd for afforestation and carbon credit monetisation. The same group also signed additional MoUs for Beema Bamboo Plantation for Biofuel ( ₹570 crore) and Moso Bamboo trial plantations ( ₹55 crore). Also Read: After JNU, Jamia, IIT Roorkee cancels MoU with Turkish university Inlamobi Pvt. Ltd. committed ₹1,000 crore to establish the European Blue Valley Fragrances & Flavours Ayush Cluster, while the Medhavi Group signed a ₹178 crore MoU to set up a Skill, Innovation and Tribal Entrepreneurship University at Ziro, expected to create over 430 direct jobs. MoUs were also signed for renewable energy, bamboo processing, herbal and turmeric products, and promotion of spiritual and heritage tourism. Deputy chief minister Chowna Mein, who is also the minister-in-charge of planning and investment, said the summit marked a transformative phase for Arunachal Pradesh's economic growth. 'These MoUs reflect the growing investor confidence in Arunachal Pradesh and underline our commitment to inclusive, sustainable development. I welcome all investors to be a part of our growth journey,' Mein said, while commending the department for creating a business-friendly ecosystem. The investments are expected to significantly boost employment, infrastructure, healthcare, innovation, and agriculture in Arunachal and the wider Northeast region, he added.
