Companies from a range of industries, including tourism, pharmaceuticals, health and wellness, education, and agro-processing, have pledged to invest.
New Delhi: According to chief minister Pushkar Singh Dhami, the Uttarakhand government has signed agreements with numerous sectors for investments totaling 54,550 crore in the state since September.
Speaking to media in this city, CM stated that during his recent trips to London, Birmingham, Dubai, Abu Dhabi, and New Delhi, businesses in a variety of industries, including tourism, pharmaceuticals, health and wellness, education, and agro-processing, made investment commitments.
From December 8 to 9, Uttarakhand will host a world investor forum.
By the commencement of the forthcoming investment summit, “we intend to start the groundwork on all the investment commitments,” he declared. Dhami stated that all comments and proposals received by the government from businesses and investors would be taken into account, and the future of the pledged investments would only be decided after evaluating the potential advantages and welfare of the state.
The investment proposals in industries with a higher employment rate will receive priority, he declared.
During roadshows in the UAE on Tuesday and Wednesday, MoUs for investments totaling Rs 15,475 crore were signed out of the total investment bids. Prior to that, contracts for 26,575 crore were signed in Delhi twice this year on the 4th of September and the 4th of October. Investments worth 12,500 crore were tied up in the UK.
According to the chief minister, in the last year, projects totaling 1.5 trillion rupees have been sanctioned, and 20,000 crore worth of projects are currently under progress. He added that pump storage projects are another area on which the state is concentrating and that the state is ready to expand in the solar and wind energy sectors.
The minister stated that he spoke with large residential and commercial properties in West Asian nations and suggested the development of projects in Dehradun, Rishikesh, and Haridwar. He also noted that the real estate and commercial spaces segment in the UAE is well established.
Pushkar Dhami stated that the administration was holding a conference on “balance of ecology and economy” from November 29 to December 1 in order to address environmental concerns and recent landslides the state had experienced as a result of heavy rains.
Speaking about the business climate in the Himalayan state, he noted that recent state initiatives have included policies supporting industries like tourism and MSMEs as well as the ability for firms to receive a 50% capital subsidy.
Business delegations, corporate executives, academics, entrepreneurs, and governments from all over the world will have a platform to discuss business prospects and collaborations in Uttarakhand during the two-day investors summit. Over 5,000 national and international representatives are anticipated to attend the conference.
According to the summit website, the state government would highlight its “investor-friendly and good governance” policies, initiatives, supportive regulatory environment, and sustainable practices. In order to assist and support its investors in making better decisions, it will also organize business-to-business (B2B) and government-to-business (G2B) meetings.