Prime Minister Modi inaugurated investors summit in Uttarakhand which aims to attract investors in the state.

The initiation worked as the state received investment proposals worth Rs. 70,000 crore.

Chief Minister Rawat said “Investment proposals worth over Rs. 70,000 crores have been received and most of the Memorandum of Understandings have been signed with an aim to reach development to the state’s hilly areas,” at  Uttarakhand Investors Summit.

The  Adani Group invested the largest sum of Rs.6,500 crore in which it will spend Rs. 5,000 crore in a metro rail project, and Rs. 1,000 crore to upgrade power transmission. It will even invest  Rs. 500 crore in creating a logistics park in the state.

Adani Enterprises Director Pranav Adani said that the state had tremendous potential as it had a growth rate of 11 per cent in the last fiscal year. The group also inked a MoU in the area of farm production

The state government has listed 12 sectors for the investment which include wellness and AYUSH, pharmaceuticals, information technology, horticulture and floriculture, natural fibres, tourism and hospitality, film shooting, biotechnology, renewable energy, food processing and automobile.

The ‘Destination Uttarakhand: Investors Summit 2018’ sought the presence of hundreds of investors from India and abroad. Representatives from Czech and Japan also took part in the summit.

Communications and Information Minister of Singapore, S Iswaran attended the investor’s summit.
Automaker Mahindra & Mahindra which had already settled a tractor plant in the state in the year 2000, announced to set up another plant in Haridwar which would even include manufacturing of its top-selling models including Bolero.

M&M’s Managing Director, Pawan Kumar Goenka said that the state is blessed with good infrastructure and skilled manpower that attracts the investors. The group even manufactures electric three-wheelers at the rate of 1000 per month in the state.

Mr Modi addressed the gathering and urged the investors to invest in the state. He even shared about the approaches and efforts made by the government to improve the state.