MoUs For Investment Worth Rs. 5450 Crore Signed In Presence of Uttarakhand CM In Dubai

Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday held a meeting with representatives of various industry groups in the road show organized in Dubai for the Uttarakhand Global Investor Summit 2023. In the presence of the Chief Minister, so far Rs. Investment MoUs worth Rs 5450 crore have been signed. While meetings are going on with many other industry groups. Chief Minister Pushkar Singh Dhami also invited all the industrial houses for the summit to be organized in Dehradun on 8th and 9th December.

Today investment MoUs were signed with Uttarakhand government and various industry groups. In which agreements were signed on investment of Rs 5450 crore with industry groups related to tourism, education, infra, real estate. So far in Dubai, Rs 2,000 crore with Sir Biotech and Hyatt India, Rs 950 crore with Carmilla Nutrition Technology Group for pharma production, Rs 800 crore with GTC Group, Rs 800 crore with Flow Conglomerate Group for investment in real estate, infra and tourism sectors. An MoU of Rs 500 crore, Rs 700 crore for manufacturing sector with Exley Group and investment MoU of Rs 500 crore with Sharaf Logistics have been signed. Secretary Industries Vinay Shankar Pandey signed the MoU on behalf of the state government.

Chief Minister Pushkar Singh Dhami said that under the guidance of Prime Minister Shri Narendra Modi, an investment friendly system has been developed in Uttarakhand. A lot of work has been done in the field of infrastructure in the state.

The Chief Minister said that bilateral relations between India and the United Arab Emirates have become stronger than before. Bilateral trade between the two countries is growing at the rate of about 20 percent. He said that a large number of NRIs are working in UAE. Uttarakhand is also keen to cooperate with you for the planned development of its cities and establishment of new cities, so that your expertise in this field can be taken advantage of. The Government of Uttarakhand is always ready to provide all the basic necessary facilities to the investors in the state and especially in the last two years, it has made planned efforts towards attracting investment in the state. In this connection, to attract global investment in Uttarakhand in the month of December, 2023. “Uttarakhand Global Investors Summit – 2023 (Destination Uttarakhand)” is being organized.

The state of Uttarakhand has succeeded in creating a distinct identity for itself in India due to its progressive industrial promotion policies. Industrial electricity rates in the state are lower than other states in India, industrial harmony and excellent law and order in the state make it more special. Our state, being situated in the Himalayan region, is blessed with diverse agricultural climate and is suitable for organic agriculture. Various policies, schemes and facilities are being provided by the state government to provide a better environment for the establishment of food processing industries in the state. At present, two mega food parks and four food clusters have been built in Uttarakhand, which are working at their full capacity.

Uttarakhand Cabinet Minister Dr. Dhan Singh Rawat said in his address that the state government is continuously making active efforts to develop the state as a most suitable destination for investment. In this series, the state of Uttarakhand has appeared among you with its limitless possibilities. The state government is continuously making efforts in the direction of ease of doing business. Uttarakhand is in the achievers category. The state has taken specific initiatives towards reforming labor laws. Similarly, continuous improvements and simplification have been made in the direction of providing land to investors. The State Government is particularly conscious of encouraging investment in specific sectors based on the resources available in the State.