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Uttarakhand Inks Historic Investment Deals Worth Rs 4,800 Crore in London

EW News Desk


London,  Uttarakhand’s Chief Minister, Shri Pushkar Singh Dhami, led a delegation of state officials on a successful visit to London to promote investment opportunities in the region. During the visit, the Uttarakhand government signed multiple Memorandums of Understanding (MoUs) with prominent companies, aiming to attract substantial investments totaling Rs 4,800 crore.


The highlight of the trip was the signing of two significant MoUs, worth Rs 3,800 crore, with Kayan Jet. The first MoU, valued at Rs 2,100 crore, is dedicated to the development of a world-class skiing resort in Uttarakhand. This ambitious project is set to enhance Uttarakhand’s allure as a winter sports destination. The second MoU, amounting to Rs 1,700 crore, will support the construction of a state-of-the-art cable car system in the state. The cable car project will link various picturesque destinations, including Haridwar.


Additionally, an MoU worth Rs 1,000 crore was signed with Usha Breco Limited, a leading company in the ropeway industry. Under this agreement, Uttarakhand will witness the development of ropeway projects, contributing to improved connectivity and tourism opportunities.


The collective efforts of the Uttarakhand delegation resulted in these substantial investment commitments from global business houses. Approximately 80 businesses from diverse sectors such as education, tourism, IT, and healthcare in London participated in the event.


During the visit, the delegation also had the privilege of touring India House and Parliament House, where they engaged in fruitful discussions with representatives of major companies associated with the travel and tourism sector in London.


Chief Minister Dhami extended a warm invitation to all investors to attend the upcoming Global Investor Summit scheduled for December. He emphasized Uttarakhand’s potential as a global tourism destination, highlighting wellness tourism and village tourism as key areas of interest. Rishikesh’s status as the global capital of yoga and spirituality presents opportunities for world-class wellness centers in the region.


The delegation’s visit to Parliament House in London was marked by meetings with Members of Parliament from London. Chief Minister Pushkar Singh Dhami highlighted the positive impact of the recent G20 Summit, led by India’s Prime Minister, Shri Narendra Modi, on strengthening India-UK relations. He also announced a target investment of Rs 2.5 lakh crore for the Uttarakhand Global Investors Summit scheduled for December, which is expected to provide a significant boost to the state’s economy.


Indian High Commissioner His Excellency Vikram Doraiswami praised Uttarakhand’s policies and visionary leadership, emphasizing the region’s popularity as a weekend getaway for NCR residents. The High Commissioner shared fond memories of his experiences related to the Lal Bahadur Shastri Administrative Academy.


The delegation included Secretary to Chief Minister Dr. R. Meenakshi Sundaram, Secretary Industries Vinay Shankar Pandey, Director General Industries Rohit Meena, Local Commissioner Ajay Mishra, and other members of the delegation. The successful trip to London holds immense promise for Uttarakhand’s economic development and global recognition as an investment-friendly destination.


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