Uttarakhand’s Global Investor Summit 2023: Investment Agreements Worth ₹11,925 Crore Signed on the First Day in Dubai

Uttarakhand's Global Investor Summit 2023: Investment Agreements Worth ₹11,925 Crore Signed on the First Day in Dubai

VoM News Desk | October 18, 2023 | 05:55 PM IST | Uttarakhand, World | Follow on Google News

Uttarakhand’s Global Investor Summit 2023: Investment Agreements Worth ₹11,925 Crore Signed on the First Day in Dubai

Uttarakhand’s Global Investor Summit 2023: Investment Agreements in Dubai

Uttarakhand Chief Minister Pushkar Singh Dhami led a delegation to Dubai to promote the upcoming Uttarakhand Global Investor Summit 2023. In this endeavor, they held a meeting with representatives of various industry groups. During this meeting, investment memorandums of understanding (MoUs) worth ₹11,925 crore were signed on the first day.

Diverse Range of Sectors

The investment agreements covered a wide array of sectors, including tourism, education, infrastructure, real estate, healthcare, spices, and aroma. Notably, MoUs amounting to ₹5,450 crore were inked in the first session, while the second session saw agreements worth ₹6,475 crore being formalized.

Among these, the MoUs include a ₹2,000 crore investment with Sir Biotech and Hayat India, ₹950 crore with Carmilla Nutrition Technology Group for pharmaceutical production, ₹800 crore with GTC Group, and ₹500 crore MoUs with Flow Conglomerate Group for investments in real estate, infrastructure, and tourism. Moreover, investment MoUs worth ₹700 crore were secured with Exley Group for the fracturing sector, and ₹500 crore MoUs were signed with Sharaf Logistics.

Strong Bilateral Relations and Growth Prospects

Chief Minister Dhami acknowledged the strong bilateral relations between India and the United Arab Emirates (UAE) and emphasized the significant growth in bilateral trade, which is currently expanding at around 20%. The Chief Minister extended an invitation to all industrial houses to participate in the summit scheduled in Dehradun on the 8th and 9th of December.

Investment-Friendly Environment

Dhami attributed the investment-friendly climate in Uttarakhand to the guidance of Prime Minister Narendra Modi. He highlighted the state’s progress in infrastructure development. The Chief Minister expressed Uttarakhand’s keen interest in collaborating with the UAE in the planned development of cities and the establishment of new cities to leverage their expertise in these areas.

Dhami underscored the Uttarakhand government’s readiness to provide essential facilities to investors and noted the state’s strategic efforts over the last two years to attract investments.

Uttarakhand’s Unique Appeal

The state of Uttarakhand has established a distinctive identity within India due to its progressive industrial promotion policies. It offers lower industrial electricity rates compared to other Indian states, maintains excellent industrial harmony and law and order, and boasts a diverse agricultural climate conducive to organic farming. The government has implemented various policies, schemes, and facilities to create an investor-friendly environment, including the establishment of mega food parks and food clusters.

VoM News Desk

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