ADB exploring investment potentials in Arunachal, tourism at Tawang

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Itanagar, Nov 17 (UNI) The Asian Development Bank (ADB) is exploring investment potentials in Arunachal Pradesh to speed up socio-economic process of this industrial backward state, according to ADB Country Director Tadashi Khondo.

Mr Khondo, who is presently at Tawang on a three-day visit said the ADB was looking for opportunity to help develop its economy and infrastructural facilites of the state and some other Northeast areas.

'' So far I have visited three states of Northeast and I have found that there is a lot of scope for development of road, transportation, power, highways, railways, water management and tourism'', Mr Khondo said.

In Tawang, ''we are looking forward to operate tourism projects at the steep slope near Tawang Monastery and shortly we are sending international team of experts to inspect and study its feasibility simultaneously,'' he said adding, ADB was also keen to study and survey the river erosion and flood protection measures.

'' We are also looking forward to provide the farmers livelihood through investment in sustainable development'', he added.

He said, the ADB was contemplating broadening its operation in India with a mission to reach out to the less developed regions particularly, the rural areas to ensure balance development by bridging the gap of vast geographical differences.

''It is very important to maintain the rich cultural heritage and natural beauty which will be passed over to the future generation while we move ahead with economic and social development'', added Mr Khondo.

UNI UPB PC RD RSA RN1345

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