New Delhi
The Uttarkhand Government is gearing up for an investor summit in December with the hopes of raising ₹25,000 crore. To attract investors, the state is promoting its advantages such as cheap labor, low-cost industrial electricity, and land banks in both the plains and hills. Chief Minister Pushkar Singh Dhami will be leading the charge by holding 12 domestic and 4 international roadshows in major cities across India.
Roadshows to Lure Investors
During a curtain raiser event for the investor’s summit in Delhi, state government officials announced that Chief Minister Pushkar Singh Dhami will be holding roadshows in Ahmedabad, Chandigarh, Mumbai, Bengaluru, Chennai, and Hyderabad. The goal is to target local investors and showcase the investment potential of Uttarakhand.
ITC Group and Mahindra Holidays Show Interest
The curtain raiser event also saw significant interest from the business community. The ITC group proposed an investment of ₹5,000 crore in Uttarakhand, while the government signed an MoU with Mahindra Holidays and Resorts India Limited for an investment of ₹1,000 crore. Mahindra Holidays and Resorts India Limited plans to establish 45 resorts in the state over the next three months, creating employment opportunities for 1500 people. This is the largest investment by the company anywhere in the country.
e-Kuber Signs MoU with Uttarakhand Government
During the curtain raiser event, another MoU was signed with e-Kuber, amounting to ₹1,600 crore. This signifies the growing interest in investing in Uttarakhand and highlights the favorable business environment being created by the state government.
Creating a Business-Friendly Environment
Chief Minister Pushkar Singh Dhami stressed the state government’s commitment to creating a business-friendly environment and developing world-class infrastructure in Uttarakhand. Special policies and attractive financial incentives are being implemented to promote investment in the state.
In addition, Uttarakhand has a land bank of approximately 6,000 acres available for industrial use. This presents a valuable opportunity for companies looking to expand their operations or establish a presence in the state.
Conclusion
With the investor summit on the horizon, the Uttarkhand Government is actively working to attract investment and promote economic growth in the state. The roadshows led by Chief Minister Pushkar Singh Dhami and the significant investments proposed by companies like ITC group and Mahindra Holidays and Resorts India Limited further demonstrate the potential and appeal of Uttarakhand as an investment destination. The state’s focus on creating a business-friendly environment and offering attractive incentives are key factors in attracting investors. As Uttarakhand continues to develop its infrastructure and tap into its vast potential, it is poised for significant growth and development in the coming years.
