Uttarakhand Start-Up Policy-2018 to attract Start-Up investments

DAINIK NATION BUREAU

In view of upcoming ‘Destination Uttarakhand: Investors Summit, which is scheduled to happen between October 7-8, 2018, state government led by chief minister Trivendra Singh Rawat organized a roadshow in Bengaluru, Karnataka on Wednesday. The investors summit will be organized at Dehradun.

State Chief Minister Trivendra Singh Rawat and Chief Secretary Utpal Kumar Singh addressed the roadshow. Other senior government officials including Manisha Panwar, Principal Secretary, Industries, Sowjanya, Director General & Commissioner Industries and MD, SIIDCUL,Government of Uttarakhand and Amit Sinha, Director, Information Technology Development Agency (ITDA), Government of Uttarakhand addressed the gathering. Besides it, various industry leaders and experts including Bartheraja, Secretary, Tirupur Exporters and Manufacturers Association, Krishna Kumar, Nataraj Timmaraju Strategy, Manager Intel; Chaitanya N Sreenivas, HR Head-India & South Asia, IBM India Pvt Ltd; Pragun Jindal, Patron, Jindal Naturecare; S Chandrasekhar, Past Chairman CII Karnataka & MD & CEO, Bhoruka Power Corporation Ltd; Sanjiv Saddy, Senior Vice President, Flipkart Internet Pvt Ltd; Mohit Shewakramani, Senior Manager-Alliances and Revenue, Ola (ANI Technology); Rajesh Mehta, Chairman & Siddharth Mehta, Director, Rajesh Exports; Thimmaiah NP, MD & CEO, Meritor India ; Arul, CTO & Executive Vice President, Tata Power Solar; GanesanKaliyan, Founder & CEO, Santosh Kumar TS, Business Development Manager, South, GA Software Technologies; John Kottayil, Executive Director, Bayern International; Soorya, DGM, IESA and Satish Rajagoapalan, Business Development and Strategy Head, Mahindra Electric among others.

The key agenda of the roadshow was to share the investment opportunities in Uttarakhand and to seek active participation for the ‘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, Film Shooting.

In his address, CM said, “We are pleased to organize this roadshow with a focus on these 12 sectors, in the run-up to the Destination Uttarakhand Investors Summit, which will be organized at Dehradun in October. State is full of natural beauty, not only you will get spiritual happiness but also adventure and bio-diversity. 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. We have created a friendly bureaucracy system in Uttarakhand and we assure you that whatever be the requirements of the investors we will attend to it and will make sure all our officials will also follow the same practice.”

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.”

Sinha Information Technology Development Agency (ITDA) Director Amit Sinha said “Government 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 & Electronics Policy 2016-25 and have accorded ‘Industry’ status to the sector”. He further went on to describe the vast opportunities available for the Silicon Valley of India in Uttarakhand, including 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 & 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.

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.