The Uttarakhand government on Monday signed Memoranda of Understanding (MoUs) worth Rs 30,200 crore at the Uttarakhand Global Investor Summit 2023 in Mumbai.
Some important firms with whom MoUs were signed were Imagica (theme park), Atmantan (resort), ACME (Solar cell mfg), CTRLs (data centre), Perfetti, Nsure renewable energy. Apart from this, meetings were held with JSW Sports, Godrej chemicals, Estar food, and V Arjun logistics park.
Under the leadership of Chief Minister Pushkar Singh Dhami, so far, four international road shows have been held outside the country in London, Birmingham, Abu Dhabi, Dubai, while the state government has conducted road shows across the country in Delhi, Chennai, Bengaluru, Ahmedabad and Mumbai.
On September 14 and October 4, the Dhami government has signed an investment agreement of Rs 26,575 crore in Delhi, on September 26 and 27, Rs 12,500 crore in Britain, Rs 15,475 crore in UAE on October 17 and 18. Apart from this, investment proposal agreements worth Rs 10,150 crore have been signed in Chennai on October 26, Rs 4,600 crore in Bengaluru on October 28 and Rs 24,000 crore in Ahmedabad on November 1. Now, MoUs worth Rs 30,200 crore have been signed in the Mumbai Road Show.
So far, the investors with whom investment MoUs have been signed by the state government mainly include tourism hospitality sector, AYUSH wellness sector, manufacturing sector, pharma sector, food processing, real estate-infra, pumped storage sector, green and renewable energy and automobile sector.
At the Mumbai event, Dhami held a meeting with major industrial groups of the country and discussed the possibilities of investment in Uttarakhand. He also invited all the investors for the Global Investment Summit to be held on December 8-9.
The Chief Minister said that Mumbai is not only the economic capital of the country, but it is also a major part of the unique story of India’s development. While Mumbai is the economic capital of the country, Uttarakhand is the spiritual capital of the country, hence mutual coordination and partnership between these two is very important, he said. He said that Maharashtra, especially Mumbai and Uttarakhand, complement each other.
The Chief Minister said that while modern technology and managerial skills are necessary for the development of any nation, spiritual strength and peace are also very important. The Chief Minister said that Uttarakhand has also set a target of doubling its GSDP in the next 5 years, in this sequence Strong Uttarakhand Mission has been started. Uttarakhand Global Investors Summit-2023 to be held on 8-9 December is also a special part of this mission.
The CM said that if investment in the industrial sector increases in Uttarakhand, then the increase in employment opportunities will be sustainable. He said that till now, investment proposals worth more than Rs 1 lakh crore have been received from ROAD, which proves that entrepreneurs not only from the country but also from abroad are excited to invest in Uttarakhand. He said that the state government has made unprecedented progress in the field of Ease of Doing Business in the State by adopting the core principles of Simplification, Resolution and Satisfaction, along with the formula of Pro-Active Governance and Timely Implementation for effective administration given by the Honorable Prime Minister in 2015. The government is trying to assimilate the same.
The Chief Minister said that the system of single-window system for approvals like licenses etc. has been improved in the state and a one-stop shop system has also been started for all the approvals required for establishment and operation of business. Addressing the investors, the Chief Minister said that the industrial groups will not face any kind of problem in setting up their industries in Uttarakhand. The Chief Minister said that many new policies have been made by the government. To create investor friendly policies in a strong policy framework, many policies have been simplified.
On this occasion, Chief Secretary Dr. S.S. Sandhu, Secretary Dr. R. Meenakshi Sundaram, Secretary Industries Mr. Vinay Shankar Pandey, Director General Industries Rohit Meena, Director General Information Banshidhar Tiwari and representatives of various industrial groups were present.
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