Uttarakhand Chief Minister Pushkar Singh Dhami held a productive meeting with representatives from various industry groups during a roadshow organized in Dubai for the upcoming Uttarakhand Global Investor Summit 2023. The event saw the signing of investment Memorandums of Understanding (MoUs) worth ₹11,925 crore on its first day in Dubai. The Minister of Urban Development, Dhan Singh Rawat, was also present during this significant occasion.
These MoUs span various sectors, including tourism, education, infrastructure, real estate, health, spices, and aroma-related industries. Of the total, ₹5,450 crore worth of MoUs were signed in the first session, and ₹6,475 crore worth of MoUs in the second session.
Several notable investments include ₹2,000 crore with Sir Biotech and Hayat India, ₹950 crore with Carmilla Nutrition Technology Group for pharmaceutical production, ₹800 crore with GTC Group, and ₹500 crore MoU with Flow Conglomerate Group for investments in real estate, infrastructure, and tourism.
Moreover, investment MoUs worth ₹700 crore were inked with Exley Group for the fracturing sector, and ₹500 crore worth of MoUs were signed with Sharaf Logistics. Other agreements include ₹250 crore with Aroma for My Perfume, ₹300 crore with The Bristol Hotel, ₹2,000 crore with Khamas Hospitality, ₹500 crore with Concept Brand for Retail Stores, ₹50 crore with Arab & India Spices for Spice Hub, ₹250 crore with Medi Q for Healthcare, ₹1,000 crore with Heart Travels, ₹25 crore with Nilgiri Trading, ₹100 crore with TMC Shipping, and ₹2,000 crore worth of MoUs with Rami Hotels.
CM Dhami extended invitations to all industrial houses to participate in the summit scheduled for December 8th and 9th in Dehradun.
He emphasized the investment-friendly environment in Uttarakhand and the infrastructure development the state has seen under the guidance of Prime Minister Narendra Modi. Dhami also highlighted the strengthening bilateral relations between India and the United Arab Emirates, with trade growing at around 20% and a significant number of NRIs working in the UAE. He expressed a keen interest in collaborating for planned city development and taking advantage of the UAE’s expertise in the field.
Uttarakhand has established a favorable environment for investors and aims to attract global investment, with the December 2023 summit as a key event.
The state has gained recognition for its progressive industrial promotion policies, lower industrial electricity rates compared to other Indian states, and a strong law and order situation. Situated in the Himalayan region, Uttarakhand boasts diverse agricultural climates suitable for organic farming. The government is actively supporting food processing industries with various policies and initiatives. Presently, the state houses two mega food parks and four food clusters operating at full capacity.
This event underscores Uttarakhand’s commitment to economic growth and industrial development, fostering a mutually beneficial environment for both domestic and international investors.
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Source: Mint Live
