Dehradun: TheGovernment of Uttarakhand, organized a roadshow in Hyderabad, Telangana ahead of the ‘Destination Uttarakhand: Investors Summit’ scheduled from October 7-8, 2018. The maiden investor summit, which will be organized at Dehradun will be inaugurated by Hon’ble Prime Minister of India, Shri Narendra Modi.
Shri. Harak Singh Rawat, Hon`ble Minister of Forests, Labour& AYUSH, Government of Uttarakhandand Mr. Utpal Kumar Singh, Chief Secretary, Government of Uttarakhandaddressed the roadshow. Some of the senior Government of Uttarakhand officials that also addressed the gathering at Hyderabad included Ms. Manisha Panwar, Principal Secretary, Industries, Ms. Sowjanya, Director General & Commissioner Industries and MD, SIIDCUL, Government of Uttarakhand; and Mr. Amit Sinha, Director, Information Technology Development Agency (ITDA). In addition to the Government of Uttarakhand officials, various industry leaders and experts that graced the roadshow include Mr. Pramod Kumar Gupta, Managing Director &Mr Gopal Mor, Director, Musaddilal Projects ; Mr. V Viswanath, Vice PresidentCorporate Business Services, Dr. Reddy’s Laboratories Limited; Mr. M N Raju, Chairman MNR Group; Dr. S Anand Reddy, Mr. S Srinivas Reddy, Mr. Sadasiva Reddy,Directors, SAGAR Cements Ltd; Mr.Ateeq Siddiqui, Director, LYNCBIZ INDIA PVT LTD; Mr. Vikram Kailas, Managing Director & CEO Mytrah Energy India Pvt Ltd; Mr. D Raju, Managing Director, Kirby Building Systems Pvt Ltd; Mr. Vagish Dixit, Managing Director, ALPLA India Pvt Ltd and Mr. Ayodhya Rami Reddy, Chairman, Ramky Enviro Engineers among others.
The key objective of the roadshowwas to share the investment opportunities in Uttarakhandand to seek active participation for ‘Destination Uttarakhand-Investors Summit 2018’. The roadshow received encouraging response and generated huge interest among the investors.The delegation from Uttarakhand Government, highlighted the 12 focus sectors of the state, which include Food Processing, Horticulture& Floriculture, Herbal & Aromatic, Tourism & Hospitality, Wellness & AYUSH, Pharmaceuticals, Automobiles, Natural Fibers, IT, Renewable Energy, Biotechnology and Film Shooting.
Speaking at the RoadshowShri. Harak Singh Rawat, Hon`ble Minister of Forests, Labour& AYUSH, Government of Uttarakhandsaid, “We have created a business friendly environment for investors and we have an approachable bureaucracy process which assists to accelerate investments in our state. Through ‘Destination UttarakhandInvestors Summit 2018’, we aim to provide investors with a platform to understand the state’s potential and the ease of doing business in the state. Uttarakhand is a resource rich state, with tremendous growth opportunities. Given its unexplored industry potential, our aim is to multiply employment opportunities, increase living standards and have inclusive development in the state.Uttarakhand has one of the best atmospheres of setting up the facilities for the IT industry. Local skilled manpower is available in abundance and power for the operations of various industries is not a concern.Wellness and healthcare sector is one of our priority areas and soon we will work in collaborations with various stakeholders to cater to major healthcareassociated problems. We have lots of opportunities to explore in and we invite you all to come to Uttarakhand and discover yourself.”
Mr. Utpal Kumar Singh, Chief Secretary, Government of Uttarakhand said, “Uttarakhand is one of the most prosperous markets to invest in North India and has ease of access to domestic markets like Delhi NCR and Uttar and the rest ofNorth India. The state has excellent connectivity and many major industrial and technology hubs are connected to Dehradun via air and road routes, and this will enhance in next 6months to a year. All district headquarters will be soon connected under the Government of India scheme and will provide more accessibility for investors in the state market. We are in the process of announcing 50 key investment projects for various investors and industries, details of which will soon share on our website. We will be happy to have your suggestions and inputs and will work in collaboration to develop industries inUttarakhand. We are pleased to develop a healthy relationship with Hyderabad and Telangana region.”
Addressing the industry leaders at the roadshow Ms. Manisha Panwar, Principal Secretary, Industries, Government of Uttarakhandsaid, “The state offers several agro-geo-climatic zones, with geographic advantage to various industries, especially Renewable Energy, Floriculture, Herbal &Aromatic,Pharmaceuticals, Biotechnology, IT and Food Processing. Our aim is to simplify the whole industry set up the process by adopting the single window clearance mechanism, which ensures timely clearance for entrepreneurs.Uttarakhand has 11.2 % GSDP growth rate and is ranked number one among hill states in ease of doing business, as per latest Department of Industrial Policy & Promotion (DIPP) and World Bank report. Uttarakhand has a literacyrate of 79% and has the enormous availability of skilled manpower for various industries. The electricity is cheaper for the operations of the various industries. As far as travelling is concerned, the rail, road and air connectivity to the state is excellent and there are 22 flights operating out of Dehradun every day.”
Mr. Amit Sinha, Director, Information Technology Development Agency (ITDA), Government of Uttarakhandsaid, “The Government of Uttarakhand is placing huge impetus on the growth of IT sector in the State. Several investment opportunities have emanated from Government policies and initiatives. These include the establishment of Electronics Manufacturing Cluster, Incubation Centre and rural BPOs among others.We have excellent business conditions in the state and excellent talent pool catering to various industries. We are planning to have plug and play facilities for the IT industry to operate easily in the state. We have set up tremendous industry facilities in Kashipur forthe electronics manufacturing sector, IT park in Dehradun which has1 lakh sq km area, and are developing facilities in areas which include Almora, Tehri and Ramnagar where BPO’s can be set up.”
In the area of health, Government of Uttarakhand cited various investment opportunities on PPP mode, including development of Medicity / Healthcare city, diagnostics facility on hub and spoke model and Public Food & Drug testing and R&D Centre among others.
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 the matters of State policies. In addition to the State MSME Policy 2015 and Mega Industrial & Investment Policy 2015, dedicated sector policies, including Information and Communication Technology & Electronics Policy 2016-25 and Film Policy 2015 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.
Uttarakhand is rich in natural resources, especially water and forests with many glaciers and dense forests, which makes it an ideal destination for adventure, leisure and wellness tourism. The state also has a vast potential in Naturopathy, Ayurveda, Yoga, Unani, Siddha and Homeopathy.
Uttarakhand has a well-established industrial base of long-standing and reputed business houses, with a large number of ancillary units in Udham Singh Nagar, Haridwar, etc. Major players have set up their units in Uttarakhand due to congenial business environment with their state-of-the-art operating practices being fed into the local production environment. The state offers a plethora of investment opportunities in the identified focus sectors, making it an ideal destination for thriving business.
About Destination Uttarakhand: Investors Summit 2018
The Government of Uttarakhand is organizing ‘Uttarakhand Investors Summit 2018’ on October 7-8 2018 in coordination with all departments related to the 12 focus sectors identified by the state. The Investment Promotion and Facilitation Centre in the Directorate of Industries is working as the secretariat for the event. It will be a mega event, gathering investors, manufacturers, producers, policymakers, and organizations from the global business ecosystem. The summit would principally focus on 12 focus sectors, which include Food Processing, Horticulture & Floriculture, Herbal & Aromatic, Tourism & Hospitality, Wellness & AYUSH, Pharmaceuticals, Automobiles, Natural Fibres, IT, Renewable Energy, Biotechnology and Film Shooting, for expediting industrial development in the state. It will provide opportunities for investment and trade in these sectors for both domestic and international investors.
