Uttarakhand investment roadshow generates huge interest

The government of Uttarakhand on Wednesday organised a roadshow in Bengaluru as part of the ‘Destination Uttarakhand: Investors Summit’ scheduled in October.

The maiden investor summit, which will be organised at Dehradun, will be inaugurated by Prime Minister Narendra Modi.

Speaking at the roadshow, Uttarakhand Chief Minister Trivendra Singh Rawat said the state government is pleased to organise the roadshow with a focus on these 12 sectors.

"We want to make investors summit a grand success. Uttarakhand is full of natural beauty, not only you will get spiritual happiness but also adventure and bio-diversity. We are glad to inform that we are increasing connectivity to rest of the country and soon will have railway route which will only take 3.5 hours from capital Delhi to Dehradun, in additional to the air connectivity," he said.

The Chef Minister also said the government has created a friendly bureaucracy system in Uttarakhand and the government assures requirements of the investors and will make sure all officials will also follow the same practice.”

Addressing the industry leaders at the roadshow, Industries Principal Secretary Manisha Panwar said Uttarakhand has a vast investment potential with tremendous opportunities for commerce.

"Our vision is to establish the state as a business destination that is sustainable and inclusive by adopting policies best suited for steady operations. From huge industry potential to inexpensive electricity, the state has a well-developed infrastructure that nurtures entrepreneurship," she said.

The delegation from Uttarakhand government highlighted the 12 focus sectors of the state, which include Food Processing, Horticulture and Floriculture, Herbal and Aromatic, Tourism and Hospitality, Wellness and AYUSH, Pharmaceuticals, Automobiles, Natural Fibers, IT, Renewable Energy, Biotechnology and Film Shooting.

Amit Sinha, Director, of Uttarakhand Information Technology Development Agency (ITDA) said the state is going all out in its efforts to promote the IT sector in the State.

"We have a dedicated policy on Information and Communication Technology and Electronics Policy 2016-25 and have accorded ‘Industry’ status to the sector," he said.

Sinha further went on to describe the vast opportunities available for the Silicon Valley of India in Uttarakhand, including the establishment of electronics manufacturing cluster, incubation centre and rural BPOs among others.

The State has come out with Uttarakhand Start-Up Policy-2018 to attract Start-Up investments and to nurture students passing out of various technological Institutes.

In order to attract investment into the various sectors of the state and thus contribute to the development of the economy as a whole, the Government of Uttarakhand has made several strides in matters of State policies.

In addition to the State MSME Policy 2015 and Mega Industrial and Investment Policy 2015, dedicated sector policies have been drafted to boost the industrial climate and act as a facilitator of business. The single window clearance system facilitates speedy clearances in all major sectors.

In addition to the Government of Uttarakhand officials, various industry leaders and experts including Tirupur Exporters and Manufacturers Association Secretary Bartheraja, Intel officials Krishna Kumar and Nataraj Timmaraju Strategy, IBM HR Head - India and South Asia Chaitanya N Sreenivas and Flipkart Internet Pvt Ltd Senior Vice President Sanjiv Saddy attended the function.