Manipur CM N. Biren Singh said that a US-based company will spend USD 500 million in the state’s tourism sector with several other foreign investments on the cards. He added, “The state will receive an investment of 500 mn dollars in tourism from a company based in the US.” Citing the willingness of several other foreign investors, particularly from Argentina, Peru, and Bangladesh, to invest in the state, he said Manipur will witness development in all sectors.