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Investment MoUs worth Rs 5450 crores signed in CM Dhami’s presence in Dubai

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By Our Staff Reporter

Dubai (UAE), 17 Oct: Chief Minister Pushkar Singh Dhami held a meeting with representatives of various industry groups during a road show organised here today to attract investment for the Uttarakhand Global Investors’ Summit 2023. In the presence of the Chief Minister, MoUs worth investment of Rs 5450 crores were signed with the investors. Meetings with many other industrial groups continued till late into the evening. The government is hoping for more MoUs to be signed as the outcome of this meeting.

On this occasion, CM Dhami also invited all the industrial houses for the summit to be organised in Dehradun on 8 and 9 December.

Cabinet Minister Dr Dhan Singh Rawat is also accompanying Chief Minister Dhami on his Dubai trip.
Investment MoUs worth Rs 5420 crores were signed between the Uttarakhand Government and various industry groups here today. The agreements signed were mostly related to tourism, education, infra and real estate sectors. The MoUs signed today included one worth Rs 2000 crores with Sir Biotech and Hyatt India, another worth Rs 950 crores with Carmilla Nutrition Technology Group for Pharma production, an MoU worth Rs 800 crores with GTC Group, and another worth Rs 500 crores with M/s Flow Conglomerate Group for investment in real estate, infra and tourism sectors. An MoU worth Rs 700 crores in the manufacturing sector with Exley Group and another MoU of Rs 500 crore with Sharaf Logistics were 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 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 during the past two years.

Dhami said that bilateral relations between India and the United Arab Emirates (UAE) have become stronger than ever before. Bilateral trade between the two countries is growing at the rate of about 20 percent per annum. He said that a large number of NRIs are working in UAE. Uttarakhand is also keen to cooperate with them for the planned development of its cities and establishment of new cities, so that it can take advantage of their expertise in this field.  He said that the Government of Uttarakhand is eager 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 to attract investment in the state. As part of this, the Uttarakhand Global Investors’ Summit – 2023 (Destination Uttarakhand) is being organised in Dehradun.

The CM claimed that 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 of India. There is industrial harmony and excellent law and order in the state, which make it more special. The state 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. At present, two mega food parks and four food clusters have been built in Uttarakhand, which are working to their full capacity.

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 is now presenting itself before the potential investors from UAE 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 labour 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.

On this occasion, Additional Chief Secretary Anand Vardhan, Secretaries Shailesh Bagauli, Vinay Shankar Pandey, Director General, Industries, Rohit Meena and other representatives of the delegation were also present.