Arunachal Pradesh inks Rs 1,200 crore worth MOUs with 17 private investors

The state government of Arunachal Pradesh has inked memorandum of understanding (MoUs) with 17 private investors for projects worth Rs 1200 crore during the fifth edition of North East Connectivity Scheme.

The pacts, which will create over 8000 gainful employment opportunities in the state, were signed across sectors like tourism and hospitality, oil and gas, retail, power, equipment manufacturing and sports.

An official statement said Polo Towers Group has identified 11 investment worthy projects worth Rs 419 crore which can generate 1850 employment opportunities.
The projects identified are Itanagar City centre-5star hotel cum mixed use complex, development/conversion of existing star category hotels, world class budget hotel and mixed use at Itanagar, State Institute of Hotel Management on PPP, 4/5 star resort at Tawang, Dirang and paradise lake, development/conversion of existing hotels into star category hotels in Tawang.

Jungle Travels India Pvt Ltd exchanged MoU to invest in 20 rooms Jungle Lodge in or near Pakke Tiger Reserve and Wildlife Sanctuary with investment of Rs 10 crore and generate employment for 60 people.

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