DAINIK NATION BUREAU
Ahead of road show for Investors’ summit, the Uttarakhand Chief Minister Trivendra Singh Rawat, met the business leaders in Bengaluru on Tuesday. In the run up to 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, Narendra Modi.
Chief Minister met various business leaders and informed them about various investment opportunities by the state. Among the industrialists includING Vikram Kirloskar, Vice President, CII & Vice chairman, Toyota Kirloskar Motor Pvt Ltd; Ravi Raghavan, Past Chairman CII Karnataka & MD & CEO, Bharat Fritz Werner Ltd; Siddharth Mehta, director, Rajesh exports; Chandru Kalro, TT Jagannathan, K Shankaran, MD, Chairman & Director TT Prestige; Arun Aggarwal, Director, Janitri Innovation; Anand Padmanabhan, President Corporate Affairs, Shahi Exports; Venkatesh, Vice President, Raymond’s Ltd. and Sanjay Handur, Associate Vice president, Himatsingka.
The key agenda of the roadshow is to share the investment opportunities in Uttarakhand and to seek active participation for the ‘Destination Uttarakhand-Investors Summit 2018’. During the roadshow, the delegation from Uttarakhand Government will highlight investment opportunities in 12 focus sectors of the state, which include Food Processing, Horticulture, Herbal & Aromatic, Tourism & Hospitality, Wellness & AYUSH, Pharmaceuticals, Automobiles, Sericulture & Natural Fibers, IT, Renewable Energy, Biotechnology, Film Shooting.
CM said, “We met senior representatives from the business community in Bengaluru andexplored various collaboration opportunities. Given Bangalore’s expertise in the IT sector, Uttarakhand has a lot to offer to the business community of Karnataka. Our vision is to establish the state as a business destination that is sustainable and inclusive by adopting policies best suited for steady operations. We seek participation of the Karnataka business community for the Destination Uttarakhand Investors Summit, which will be organized at Dehradun in October. We are taking concrete steps to make the most of the investment opportunities present in the state and aim to offer an investor friendly environment.”
In order to attract investment in the identified focus sectors, the Government of Uttarakhand has drafted various policies that facilitates ease of doing business in the state. These policies provide a roadmap to boost the industrial climate and act as a facilitator of commerce for the business community.The MSME Policy 2015 allows interest subsidies and rebates for all sectors. There are rebates that allow entrepreneurial growth in the state. The Mega Industrial and Investment Policy 2015 allows subsidies on equipment’s utilized in all sectors. From food processing to IT, the state provides subsidies on equipment’s for setting up industries. Single-window Clearance System facilitates a fast and easy clearance system in all major sectors. For example: The state offers, incentives, which aims at providing single-window, hassle-free clearances to investment requests.
About Destination Uttarakhand: Investors Summit 2018
Department of Industries is organizing UKIS 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 to the event. It will be a mega event, gathering investors, manufacturers, producers, policy makers, and organizations from the global business ecosystem. The summit would principally focus on 12 focus sectors, which include Food Processing, Horticulture, Herbal & Aromatic, Tourism & Hospitality, Wellness & AYUSH, Pharmaceuticals, Automobiles, Sericulture & Natural Fibres, IT, Renewable Energy, Biotechnology, Film Shooting, for expediting industrial development in the state. It will provide opportunities for both investment and trade in these sectors for both domestic and international investors.