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Business Standard
26-05-2025
- Business
- Business Standard
Arunachal attracts investment proposals worth Rs 6,357 cr at NE summit
Arunachal Pradesh has attracted investment proposals worth Rs 6,357 crore through the signing of 16 memoranda of understanding (MoUs) during the Rising Northeast Investors Summit, held in New Delhi from May 23 to 24, an official statement said here. The agreements include key sectors such as agri-biofuel, afforestation, healthcare, education, information technology, tourism, and renewable energy. The MoUs were signed between the state Planning & Investment secretary, and representatives from various companies, the statement said. Among the major projects is a Rs 2,324 crore investment proposal 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 monetisation, 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 and 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 for setting up data centres, tourism infrastructure, and spiritual and heritage tourism, the statement said. These investments are set to create thousands of employment opportunities, enhance healthcare and education, and promote sustainable growth in the state, it said. Deputy Chief Minister Chowna Mein, who also oversees the Planning & Investment portfolio, witnessed the MoU signings. Mein welcomed the investors and described the event as a transformational milestone for Arunachal Pradesh, highlighting the state's growing appeal as an investment destination and its commitment to inclusive and sustainable development. The deputy chief minister also commended the Planning and Investment department for fostering an investor-friendly environment and driving these strategic partnerships. Industry giants Mukesh Ambani, Gautam Adani, and Anil Agarwal collectively announced investments exceeding Rs 1.55 lakh crore for the North Eastern region during the summit's inaugural day, marking a historic commitment to the region's growth.
Time of India
26-05-2025
- Business
- Time of India
Arunachal attracts investment proposals worth Rs 6,357 cr at NE summit
Synopsis Arunachal Pradesh has secured investment proposals of Rs 6,357 crore. Sixteen MoUs were signed at the Rising Northeast Investors Summit in New Delhi. The agreements span agri-biofuel, healthcare, IT, and renewable energy. Agri-Biofuel Global Ltd plans a Rs 2,324 crore investment. Developer Group India Pvt Ltd commits Rs 1,760 crore for afforestation. These investments promise job creation and sustainable growth.
Time of India
25-05-2025
- Business
- Time of India
Arunachal inks MoUs worth 6,357cr with 16 firms at NE investors summit in Delhi
New Delhi/Itanagar: The Arunachal Pradesh govt signed memorandums of understanding (MoUs) worth Rs 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 Rs 2,324 crore deal with Agri-Biofuel Global Ltd to convert agricultural waste into aviation and maritime fuel, and a Rs 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 (Rs 570 crore) and Moso Bamboo trial plantations (Rs 55 crore). Inlamobi Pvt Ltd committed Rs 1,000 crore to establish the European Blue Valley Fragrances & Flavours Ayush Cluster, while the Medhavi Group signed a Rs 178 crore MoU to set up a Skill, Innovation and Tribal Entrepreneurship University at Ziro, expected to create over 430 direct jobs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3.5, 4.5 BHK Homes starting at ₹4.68 Cr.* Hero Homes Learn More Undo Farm Native Group will invest Rs 150 crore to establish a 250-bed super speciality hospital, which is projected to create up to 1,100 direct and 1,500 indirect jobs. Other agreements include Zedsoftpoint's Rs 150 crore investment in data centres and IT services, and Vishwakarma & Co's Rs 100 crore proposal for a tourism-oriented hotel in Ziro. MoUs were also signed for renewable energy, bamboo processing, herbal & turmeric products, and promotion of spiritual and heritage tourism. Deputy CM Chowna Mein, also the minister-in-charge of planning and investment, witnessed several MoU signings and said the summit marked a transformative phase for Arunachal Pradesh's economic growth.
