Uttarakhand government eyes massive inflow from 2023 Global Investors Summit

Uttarakhand CM Dhami will hold roadshows in Ahmedabad, Chandigarh, Mumbai, Bengaluru, Chennai and Hyderabad to target local investors

September 15, 2023 10:36 am | Updated 05:04 pm IST - New Delhi

Chief Minister Pushkar Singh Dhami while addressing the curtain raiser event, said the State Government is working to create a business friendly environment along with world-class infrastructure in Uttarakhand. File

Chief Minister Pushkar Singh Dhami while addressing the curtain raiser event, said the State Government is working to create a business friendly environment along with world-class infrastructure in Uttarakhand. File | Photo Credit: PTI

New Delhi

The Uttarakhand government is hoping to raise ₹25,000 crore from an investor summit to be held in December. Uttarakhand is advertising cheap labour, low-cost industrial electricity and land banks in the plains and hills. Uttarakhand CM Pushkar Singh Dhami will also hold 12 domestic and four international road shows to lure investors to the hill State. The 2023 Global Investors Summit is being organised in Uttarakhand.

The Uttarakhand Chief Minister will hold roadshows in Ahmedabad, Chandigarh, Mumbai, Bengaluru, Chennai and Hyderabad to target local investors, said State Government officials during a curtain raiser for the investor’s summit in Delhi on Thursday.

During the curtain raiser, the ITC group proposed an investment of ₹5,000 crore in Uttarakhand. The Uttarakhand government signed an MoU for investment of ₹1,000 crore with Mahindra Holidays and Resorts India Limited. The firm will establish 45 resorts in the State over the next three months. This will create employment opportunities for 1,500 people. This is the largest investment by Mahindra Holidays & Resorts India Limited anywhere in the country. 

Another MoU of ₹1,600 crore was signed with e-Kuber, during the curtain raiser.

Chief Minister Pushkar Singh Dhami while addressing the curtain raiser event, said that the Uttarakhand government is working to create a business-friendly environment along with world-class infrastructure in the State. Special policies and attractive financial incentives are part of the plan to promote investment.

He added that a land bank of about 6,000 acres is available in Uttarakhand for utilisation by industry.

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