The Uttarakhand government, led by Chief Minister Pushkar Singh Dhami, has successfully secured investments totaling ₹54,550 crore from various industries and sectors. The commitments were made during Chief Minister Dhami’s recent visits to London, Birmingham, Dubai, Abu Dhabi, and New Delhi. These investments span a wide range of sectors, including tourism, pharmaceuticals, health and wellness, education, and agro-processing, showcasing the growing economic prospects for the state.
Chief Minister Dhami revealed that these substantial investment commitments will lay the foundation for economic development in Uttarakhand. The government is planning to commence the groundwork for these investments ahead of the upcoming global investor summit scheduled for December 8-9. This summit will provide a platform for investors and businesses to explore opportunities and partnerships in Uttarakhand.
Dhami emphasized that the government is keen to consider all proposals and suggestions received from investors and corporate entities. Decisions regarding the committed investments will be made after a careful assessment of the prospective benefits and their impact on the state’s welfare. The priority, Dhami stated, will be given to investment proposals that generate employment and stimulate economic growth.
A significant portion of the investment commitments, totaling ₹15,475 crore, was inked during roadshows in the United Arab Emirates on Tuesday and Wednesday. Prior to this, investments amounting to ₹12,500 crore were secured in the United Kingdom, while agreements worth ₹26,575 crore were signed in Delhi on two occasions, September 4 and October 4 of this year.
Chief Minister Dhami highlighted that the past year has seen the approval of projects worth ₹1.5 trillion, and projects worth ₹20,000 crore are currently in progress. Uttarakhand is strategically poised to expand its presence in the fields of solar and wind energy. Additionally, the state is focusing on pump storage projects to enhance its energy infrastructure.
Dhami acknowledged that the real estate and commercial sectors in the United Arab Emirates are well-established. He has held discussions with major residential and commercial property developers in West Asian countries, proposing projects in key cities of Uttarakhand, including Dehradun, Rishikesh, and Haridwar.
Addressing environmental concerns and landslides triggered by heavy rainfall, Dhami revealed plans to organize a conference on the “balance of ecology and economy” from November 29 to December 1. This conference will provide a platform for discussions on issues related to environmental sustainability and economic development.
Uttarakhand has been actively working to improve its business environment, having introduced several policies to promote sectors such as tourism and micro, small, and medium enterprises (MSMEs). The state has also offered a significant capital subsidy of 50% for businesses to encourage investment and economic growth.
The upcoming two-day global investor summit will be a major event, attracting business delegations, corporate leaders, academia, innovators, and governments from around the world. Over 5,000 national and international delegates are expected to participate. The state government aims to showcase its investor-friendly policies, good governance initiatives, regulatory environment, and sustainable practices to encourage more investment in Uttarakhand.
The summit will also facilitate business-to-business and government-to-business meetings, fostering collaboration and aiding investors in making informed decisions. Uttarakhand’s commitment to economic development and attracting investments underscores its ambition to become a thriving hub for various industries.
