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Investments Worth Rs. 94,000 Crores Pledged Ahead of Uttarakhand Global Investors Summit

Dehradun, EW NEWS: Prior to the highly anticipated Global Investors Summit in Uttarakhand, a staggering Rs. 94,000 crores’ worth of Memorandums of Understanding (MoUs) have already been inked. The event, which aims to boost the state’s economic development, has garnered substantial interest from investors across various sectors.

In the run-up to the summit, a series of roadshows were conducted in key Indian cities, including Chennai, Bangalore, and Ahmedabad, as well as international destinations such as London, Birmingham, Delhi, Dubai, and Abu Dhabi. These roadshows have proven instrumental in attracting investors to Uttarakhand, and the momentum continues to build with an upcoming roadshow in Mumbai.

Uttarakhand’s Chief Minister, Shri Pushkar Singh Dhami, expressed his optimism during a media interaction in New Delhi after participating in the roadshow held in Ahmedabad. He shared that meetings with diverse investor groups have resulted in numerous agreements, primarily in sectors like tourism, health, education, pharma, agriculture, energy, logistics, infrastructure, and hospitality. Investors have shown a keen interest in contributing to Uttarakhand’s growth.

Notably, after meetings with more than 50 industrial groups in Ahmedabad, agreements totaling approximately Rs. 24,000 crores have been signed. The state government’s commitment is to expedite the implementation of these agreements in preparation for the upcoming Investors Summit scheduled for December 8-9, 2023, in Dehradun.

Chief Minister Dhami emphasized that the government is dedicated to implementing suggestions and proposals that serve the state’s best interests. Furthermore, a strong emphasis is placed on encouraging investments that provide employment opportunities to local residents and strengthen the primary sector.

The summit, themed “Peace to Prosperity,” signifies the government’s intention to diversify and expand the industrial landscape of Uttarakhand, focusing on tourism, wellness, hospitality, and non-traditional industries. The state is rapidly establishing itself as a prominent pharma hub in the country, further attracting investors.

Uttarakhand’s favorable investment environment is evident through a created land bank of 6,000 acres and incentives for investments in hilly regions. The state’s natural beauty and skilled workforce continue to captivate potential investors, with a balance between ecology and the economy at the forefront of development efforts.

The massive pre-summit investments are indicative of the potential that Uttarakhand holds for economic growth, job creation, and industrial development, reinforcing its status as a premier destination for investors seeking to contribute to the state’s prosperity. The Uttarakhand Global Investors Summit is set to be a significant milestone in furthering the state’s economic ambitions.

SourceEW NEWS
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