Uttrakhand Targeting To Attract Rs 20,000 Crore of Investment

Uttarakhand is targeting an investment of Rs 20,000 crore from ‘Destination Uttarakhand: Investors Summit 2018’ in sectors including food processing, horticulture and floriculture, tourism and hospitality among others.

In an interaction with media, Uttarakhand Chief Minister Trivendra Singh Rawat said “We are promoting 'Destination Uttarakhand: Investors Summit 2018' in five key cities in the country to attract investment into the state.We are providing incentives to investors and have a single window clearance, which clears proposals within 15 days and targeting an investment of Rs 20,000 crore during this summit.”

To attract investment in state, Uttarakhand is holding raodshows in five cities including Bangalore, Hyderabad, Ahmedabad, Mumbai and Delhi , in association with Confederation of Indian Industry  (CII)

The two-day 'Destination Uttarakhand: Investors Summit 2018' will be held in Dehradun from October 7.

The 12 focus sectors of the state includes food processing, horticulture and floriculture, herbal and aromatic, tourism and hospitality, wellness and AYUSH, pharmaceuticals, automobiles, natural fibres, information and technology, renewable energy, biotechnology and film shooting, he added.

Talking about Tourism, Rawat said that tourism is a major driver of economic growth and livelihood promotion in our state, with services sector contributing over 34 per cent to the total gross state domestic product (GSDP) in the year 2015-16.

He said “We are very serious about developing this, and recently gave it industry status to help investors avail incentives under Micro, Small and Medium Enterprises (MSME) and mega industrial policy.”