Uttarakhand Global Investor Summit 2023, held in Mumbai, marked a significant milestone as Memorandums of Understanding (MoUs) worth approximately Rs 30,200 crore were inked between the state government and various industrial groups eager to invest in the region. This comes on top of the more than Rs 1.24 lakh crore of investment proposals received during previous Roadshows. Chief Minister Pushkar Singh Dhami actively participated in the Mumbai Roadshow, where MoUs were signed with several key companies and discussions were held with major players in different sectors, demonstrating Uttarakhand’s growing appeal as an investment destination.
The summit has witnessed a series of international and national Roadshows, reinforcing the state’s commitment to economic development. Roadshows have taken place in London, Birmingham, Abu Dhabi, and Dubai besides cities like Delhi, Chennai, Bengaluru, Ahmedabad, and Mumbai, drawing substantial investment interest.
Chief Minister Dhami highlighted the potential of Uttarakhand, emphasising the state’s target of doubling its Gross State Domestic Product (GSDP) within the next five years. He stated that Uttarakhand’s unique blend of natural beauty and spiritual significance makes it an attractive destination for both business and leisure.
The upcoming Uttarakhand Global Investors Summit 2023, scheduled for December 8-9, is a crucial component of the state’s Strong Uttarakhand Mission, according to a government release.
Dhami also outlined the state government’s commitment to simplifying the process for businesses to establish themselves in Uttarakhand, citing the adoption of a single-window system for approvals and a one-stop shop for various business requirements.
Addressing the investors, he said that the industrial groups would not face any kind of problem in setting up their industries in the state. The Chief Minister stressed that many new policies have been to create “investor-friendly” policies in a strong policy framework while many policies have been simplified.
Investors from various sectors, including tourism and hospitality, AYUSH wellness, manufacturing, pharmaceuticals, food processing, real estate and infrastructure, pumped storage, green and renewable energy, and the automobile sector, have shown a strong interest in Uttarakhand.
The event was attended by Chief Secretary Dr. S.S. Sandhu, Secretary Dr. R. Meenakshi Sundaram, Secretary Industries Mr. Vinay Shankar Pandey, Director General Industries Mr. Rohit Meena, Director General Information Mr. Banshidhar Tiwari, and representatives of various industrial groups. With the dynamic leadership of Chief Minister Dhami, Uttarakhand’s vision for a prosperous and thriving future is taking shape, cementing the state’s position as an emerging hub for investment and economic development.