Dehradun/New Delhi: Uttarakhand government inks MoU worth Rs 19385 Crore with the investors at the Delhi Roadshow and Global Investors' summmit-2023 that is to transform this Himalayan state if all goes as targeted by its Chief Minister Pushkar Singh Dhami.
The state government has inked a significant Memorandum of Understanding (MoU) worth Rs 19385 Crore.
Out of these, the state signed MoU with JSW Neoenergy worth Rs 15000 Crore while with Yatharth Hospital, DSGroup, Dixon Technology, Oberoi group, Radison group, SLMG, Comusom, TWI, BSS it is worth Rs 4385 Crore.
The JSW will set up the state-of-the-art 1500 MW pump storage facility in Almora, a move that promises to revolutionize the region's energy, drinking water and irrigation landscape.
Chief Minister Pushkar Singh Dhami, in an address to investors in Delhi roadshow, emphasized the multi-faceted impact of this substantial investment.
Not only will it create job opportunities for approximately 1000 people, but it will also address crucial needs of drinking water and irrigation for the local population, he said.
The project is expected to provide access to clean drinking water and much-needed irrigation facilities, contributing significantly to the region's socio-economic well-being, he said.
Moreover, this landmark investment aligns seamlessly with the state government's mission to expand employment opportunities and foster self-employment initiatives, a vital step in realizing Uttarakhand's economic potential.
In a parallel development earlier, Club Mahindra, a renowned name in the hospitality industry, has already unveiled plans to construct a state-of-the-art resorts in Uttarakhand. This strategic move is poised to breathe new life into the state's tourism sector, offering travelers an exquisite gateway to the natural beauty and cultural richness of Uttarakhand.
Looking ahead, Uttarakhand is gearing up to host a Global Investors Summit scheduled for December 8th and 9th. "We invite you all for the meet and invest in investors-friendly Uttarakhand", Dhami told investors at the Road show.
This summit is not merely an event but a strategic initiative aimed at creating an environment conducive to investment. It seeks to resonate with potential investors across India and beyond.
The state's proactive approach to attracting investment has already yielded impressive results, with over Rs 12,500 crore in immediate agreements stemming from successful roadshows in London and Birmingham.
These developments underscore the state's growing appeal as an investment destination, he said.
Furthermore, Uttarakhand has fine-tuned its policies to ensure a seamless investment process. In the last four months alone, more than 27 policies have been introduced or modified to facilitate business operations. Key among them are the Tourism Policy, MSME Policy, Start-up Policy, and Logistics Policy, Dhami said.
Prime Minister Narendra Modi, has showered schemes worth more than Rs 1,50,000 crore approved for the state, due to which we are getting an opportunity to move forward in every way today, Dhami said.
Uttarakhand seeks investment in the Food Processing, Auto Component, Manufacturing, Education and Health and Tourism.
"Despite adverse weather, we have received over 47 lakh tourists in Char Dhams and the figure will cross an all time high at 50 Lakh this year when Yatra will end for this season", Dhami said, without referring to the issue of carrying capacity.
Uttarakhand offers an attractive investment landscape with competitive advantages, including the lowest industrial electricity tariffs in the country.
"Moreover, the state is committed to nurturing strong partnerships with the private sector and has land bank of 6000 Acres in the state for investment", Dhami added.
These developments mark a turning point for Uttarakhand, propelling it toward a future characterized by economic growth and prosperity.
The convergence of significant investments and the potential for a thriving tourism sector position Uttarakhand as a dynamic and promising destination for businesses and travelers alike, but all should not at the cost of its environment and greenery.
