CM Dhami’s UK Visit 2023 : During the recent roadshows held in London and Birmingham, two separate Memorandums of Understanding (MoUs) were signed, totaling INR 4,500 crore with the industrial giant Kayan Jet and INR 1,000 crore with Usha Breco. Additionally, MoUs worth INR 1,500 crore were entered into with various companies in Birmingham.
Uttarakhand has experienced a surge in investment interest, all thanks to the international roadshow leading up to the eagerly anticipated Global Investors Summit , scheduled for December. In an impressive two-day effort in London and Birmingham, the government succeeded in securing INR 9,000 crore in investments.
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The second day, under the guidance of Chief Minister Pushkar Singh Dhami, saw the signing of a remarkable INR 7,000 crore MoU, following an INR 2,000 crore MoU inked on the first day.
Among these notable agreements, two substantial MoUs, amounting to INR 4,500 crore, were formalized with the industrial powerhouse Kayan Jet, focusing on the cable car project and the development of ski resorts in Auli, Dayara Bugyal, and Munsiyari. Furthermore, Usha Breco Limited committed investments towards ropeways in Haridwar and other districts.
Investor Summit 2023 : Uttarakhand Signs ₹3,800 Crore MoU with Kayan Jet to Boost Tourism .
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A total of 80 industrial entities representing various sectors, including education, tourism, IT, and healthcare, actively participated in meetings with investors, all under the leadership of Chief Minister Dhami. Following these deliberations, the Chief Minister and delegation members paid visits to India House and Parliament House.
During these interactions, representatives from the state government and prominent companies in the travel industry exchanged ideas about advancing transportation technology within the state. Notable attendees included Secretary to the Chief Minister Dr. R. Meenakshi Sundaram, Secretary of Industries Vinay Shankar Pandey, Director General of Industries Rohit Meena, and Local Commissioner Ajay Mishra.
Invitation Extended to Investors for Upcoming Conference During a London meeting held on Wednesday, Chief Minister Pushkar Singh Dhami extended a warm invitation to investors for the forthcoming Global Investors Conference, scheduled for December. He emphasized the government’s continued efforts to transform Uttarakhand into a global tourism destination, highlighting the state’s potential in wellness and rural tourism.
The Chief Minister also underscored Rishikesh’s reputation as the global hub for yoga and spirituality, drawing European and international tourists annually for yoga and spiritual experiences. The government is currently in discussions with investors about the establishment of a world-class convention center.
CM Dhami also pointed out the successful organization of the G-20 summit under the leadership of Prime Minister Narendra Modi, which has further strengthened ties between Britain and India. The government has set an ambitious target of attracting investments worth INR 2.5 lakh crore during the investor conference, a move expected to inject new momentum into the state’s economy.
Indian High Commissioner Vikram Doraiswami commended the state government’s policies and positive vision, highlighting how Uttarakhand’s proximity to the national capital, Delhi, has made it a preferred weekend destination for residents of the National Capital Region (NCR).
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Progress on Investments: INR 16,600 Crore in Discussion To date, discussions during the curtain raiser held in Delhi and the roadshows in London and Birmingham have revolved around investments worth INR 16,600 crore. The government has successfully finalized MoUs with prominent industrial players.
On September 14, Delhi witnessed the signing of INR 7,600 crore worth of MoUs with ITC, INR 1,000 crore with Mahindra Holidays and Resort India Limited, and INR 1,600 crore with e-Kuber. Meanwhile, in the UK, MoUs were signed with investors amounting to INR 9,000 crore.
