Agricultural And Tourism Industries In Arunachal Opens To Private Investment

There is enormous potential for a number of sectors in the state, including agribusiness, tourism, and more, to grow and expand beyond regional and national markets.

Tourism Industries

Arunachal Tourism

On June 10, Arunachal Pradesh’s deputy chief minister Chowna Mein urged private companies to invest and establish industries in the state, particularly in the agro-based industries, food processing units, and other ventures, while highlighting the state’s enormous potential and opportunities for investment due to its abundance in natural resources and favourable climate.

“There is enormous potential for a number of sectors in the state, including agribusiness, tourism, and more, to grow and expand beyond regional and national markets. After attending the C20 Summit Corporate meeting, DyCM Chowna Mein posted on social media, “I urge the entrepreneurs and investors in various fields to explore the potentials of the state, including agro-based industries and be a partner in the journey towards compounding the economic growth of Arunachal Pradesh.

The C20 Summit being held in Namsai has brought together foreign diplomats, resource persons, intellectuals and delegates from various civil society organizations from G20 countries.

The event, organized by Vivekananda Kendra and G20 Secretariat of Arunachal Pradesh, hosted in the picturesque “Land of Pagodas” has opened up a platform to discuss the potentials for investments and challenges of Arunachal Pradesh.

Addressing the meeting, the deputy CM stated that the state offers immense opportunities for cultural tourism, religious tourism, eco-tourism and adventure tourism covering activities like trekking, river rafting & mountaineering, as well as sports and research tourism, due to its rich bio and cultural diversity.

The state’s numerous torrential & perennial rivers such as Siang, Dibang, Subansiri, Kameng, Lohit offer immense hydropower generation possibilities. Arunachal Pradesh alone has the capacity to generate 50,000 MW of hydro-electricity, positioning it as a powerhouse for the country, he said.

While highlighting the state’s remarkable progress including in the connectivity sector, he however added that despite its tremendous potential, Arunachal Pradesh faces certain limitations in terms of marketing, agro-processing units, skilled manpower and in research & development which needs to be improved. In this regard, he sought the intervention of private companies to invest and establish industries such as agro-based industries, food processing units and other ventures and help to overcome these challenges, a statement from the DyCM’s office said.

The C20 Summit in Namsai, it continued, is being used as a forum to promote Arunachal Pradesh’s unrealized potential and welcome national and international industrialists to learn more about investment opportunities there. Arunachal Pradesh hopes to become a thriving centre of sustainable economic growth, luring investments and generating job opportunities for its citizens, with the help and cooperation of stakeholders.

(This story has not been edited by Bharat Express staff and is auto-generated from a syndicated feed.)