Arunachal Pradesh deputy chief minister Chowna Mein while highlighting the vast potential and opportunities for investment in Arunachal Pradesh owing to its abundance in natural resources and favourable climate on June 10 urged the private companies to invest and establish industries in the state, especially in the agro-based industries, food processing units and other ventures.
“There is immense scope for several industries in the state to flourish and scale beyond regional and national markets including agri-based, tourism and more. I urge the entrepreneurs and investors in varied 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,” said DyCM Chowna Mein in a social media post after attending the C20 Summit Corporate meeting.
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.
It added, the C20 Summit at Namsai is serving as a platform to highlight the untapped potential of Arunachal Pradesh and invite national and international industrialists to explore investment opportunities in the state. With the support and collaboration of stakeholders, Arunachal Pradesh aims to transform into a thriving hub of sustainable economic growth, attracting investments and creating employment opportunities for its people.