Russia interested to set up business ventures in Arunachal

Russia would put in necessary efforts to get clearance from New Delhi to invest in Arunachal Pradesh, said the Russian ambassador VI Trubnikov.

ITANAGAR: Russia would put in necessary efforts to get clearance from New Delhi to invest in Arunachal Pradesh, according to Russian ambassador VI Trubnikov. Trubnikov, who left for Guwahati on Friday after a three-day visit to the state, told chief minister Dorjee Khandu about the keenness of Russian private companies to invest in hydropower, tourism, infrastructure building, food processing and other sectors for which Arunachal Pradesh has a huge potential.

An official release said during Thursday's meeting with Khandu, the Russian ambassador recalled the decades old strategic relationship between the two countries and conveyed his country's desire to extend it to Arunachal and other north eastern states. "We have adequate knowledge of the landscape and seismic condition of the area having worked in exploration of oil and coal in neighbouring Assam 50 years back", he said adding Arunachal being one of the most peaceful states in India, was suitable for foreign investors.

He said the state-of-the art technology available in his country could be put to good use to tap Arunachal's hydropower, tourism, food processing, agriculture and horticulture and road and other infrastructure development. While apprising the Russian ambassador of the various untapped natural resources the hilly tribal state was endowed with, the chief minister told the former that the state government was ready to forge business ties with Russia, once the clearance from the Centre was obtained.
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