Khandu shops for investment in Arunachal

The Arunachal Pradesh government and the Confederation of Indian Industry (CII) signed a memorandum of understanding in New Delhi today to promote and project the frontier state as a preferred destination for investment and to build its capacities.

By OUR SPECIAL CORRESPONDENT in Guwahati
  • Published 7.10.16
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Guwahati, Oct. 6: The Arunachal Pradesh government and the Confederation of Indian Industry (CII) signed a memorandum of understanding in New Delhi today to promote and project the frontier state as a preferred destination for investment and to build its capacities.

The CII has agreed to support the state government in sectors such as hydropower, skill development, tourism, horticulture/floriculture, agro-processing and information technology.

As part of the agreement, a high-level joint task force will be formed for successful implementation of the initiatives.

The team will work out a detailed development plan for the state in a time-bound manner, the chief minister's office said this evening.

Chief minister Pema Khandu, who has been aggressive on marketing the untapped potential of the state, said, "Arunachal is one of the most peaceful states in the country. It has rich deposits of untapped resources for hydropower and agri-horticulture and potential for tourism.If given the right platform, Arunachal can become a front-runner among states. We are a developing state and we are in a position to tailor-make policies to suit the industry."

Khandu said he would request the Centre to make investment-friendly policy for Arunachal and to make business competitive in the state.

The MoU was signed in the presence of CII president Naushad Forbes of Forbes Marshall), deputy chief minister Chowna Mein, chief secretary Shakuntala D. Gamlin, commissioner (investment) Ashish Kundra and corporate giants like Pawan Goenka of Mahindra & Mahindra Ltd, Ajit Gulabchand of HCC, Rakesh Bharti Mittal of Bharti Retails,Chandrajit Banerjee, director-general of CII, and Banmali Agrawala. president and CEO of GE South Asia. Goenka expressed interest in constructing resorts in the state while Mittal expressed interest in floriculture, agri-horticulture and allied sectors.

Khandu said, "Arunachal Pradesh is known as the land of the rising sun. But after this historic agreement, I am confident our state will soon see the sun of investments."

He also called on Prime Minister Narendra Modi and discussed development of the state. This was Khandu's first meeting with Modi after his People's Party of Arunachal (PPA) government joined the North East Democratic Alliance (Neda), a confederation of parties in the Northeast led by the BJP, last month.

Admitting the enormous potential of the state in agri-horticultural and tourism sectors, Modi assured him of support, including in connectivity and IT sectors, the CMO said.

Khandu informed Modi about the huge liabilities his government has inherited.