Uttarakhand News

Uttarakhand’s first ever investor summit to be held in September this year

The hill state of Uttarakhand will invite leading investors from all around the world to its first ever investor summit which is scheduled to take place in September this year. With this summit, Uttarakhand hopes to raise its investment profile by advertising the state’s cheap electricity rates, good law and order conditions and environment-friendly image.

We did have a good going with SIDCUL and our focus on industries. But now the tax holiday is over. So far we have got investment of around Rs 3,600 crore. But we want to work on enhancing the state’s image as a preferred investment destination. We wanted to do an investor summit in 2017, but as other states were are also organizing, so we decided to hold it in 2018. We now plan to do it in September.

– Trivendra Rawat, Chief Minister (Uttarakhand)

The formation of SIDCUL has been productive for Uttarakhand and developed seven industrial estates in Uttarakhand at Pantnagar, Haridwar, Kotdwar, Selaqui, Dehradun, Sitarganj and Kashipur.  Major companies such as Hero Motocorp, Ashok Leyland, Tata Motors, Wipro, HCL etc. have established units there. CM Rawat believes Uttarakhand is an attractive option for investors as it offers cheap electricity with qualified human resources and good law and order.

Original article by Financial Express

Byline:  Rishi Ranjan Kala