With the Investors Summit about a week away, memorandums of understanding for production in the aroma sector amounting to Rs 630 crore were signed in the presence of chief minister Trivendra Singh Rawat here on Monday. MoUs amounting to more than Rs 61,000 crore have been signed so far.
Speaking on the occasion, Rawat said that there are major possibilities in the aroma sector. He said that the state has been receiving a positive response. The State government had recently introduced the aroma policy. This sector has scope for generating employment for locals in the mountainous regions, he added.
A total of three MoUs in the aroma sector were signed on the occasion.
The first MoU was signed between the State government and and Essential Oils Association of India. The firm will invest Rs 500 crore in Uttarakhand which will generate employment for 11,000 people directly or indirectly. The distillation and extraction of essential oils will be done from aromatic produce. The firm will produce perfume, flavour, incense and deodorant along with production of different aromatic products.
Sugandh Vyapar Sangh also signed an MoU with state government with a proposal to invest Rs 50 crore. Under the MoU, the firm will produce fragrance, flavour and perfumed oil.