Uttarakhand eyes Rs 20,000 cr investment from investor summit in food processing, horticulture, tourism sector

Mumbai: Uttarakhand is targeting Rs 20,000 crore investment from 'Destination Uttarakhand: Investors Summit 2018', in sectors including food processing, horticulture and floriculture, tourism and hospitality among others.

"We are promoting 'Destination Uttarakhand: Investors Summit 2018' in five key cities in the country to attract investment into the state. We are providing incentives to investors and have a single window clearance, which clears proposals within 15 days and targeting an investment of Rs 20,000 crore during this summit," Uttarakhand chief minister Trivendra Singh Rawat told reporters here.

Uttarakhand is holding the roadshows in five cities including Bangalore, Hyderabad, Ahmedabad, Mumbai and Delhi to attract investment in the state, in association with Confederation of Indian Industry (CII).

Representational image. Reuters.

Representational image. Reuters.

The two-day 'Destination Uttarakhand: Investors Summit 2018' will be held in Dehradun from 7 October.

The 12 focus sectors of the state include, food processing, horticulture and floriculture, herbal and aromatic, tourism and hospitality, wellness and AYUSH, pharmaceuticals, automobiles, natural fibres, information and technology, renewable energy, biotechnology and film shooting, he added.

"Tourism is a major driver of economic growth and livelihood promotion in our state, with services sector contributing over 34 percent to the total gross state domestic product (GSDP) in the year 2015-16. We are very serious about developing this, and recently gave it industry status to help investors avail incentives under Micro, Small and Medium Enterprises (MSME) and mega industrial policy," Rawat added.

The Uttarakhand government delegation will also meet with film fraternity to apprise them of the several incentives including 50 percent discount on rest houses, tax concessions for films with more than 50 percent or more outdoor shooting among others.

"In order to encourage filmmakers to shoot their movies in the state, we provide incentives through our dedicated policy on film shooting. Recently, we exempted all films shot in the state from shooting charges. We have also constituted 'Uttarakhand Film Development Council (UFDC)', comprising 25 members from the film fraternity with an aim to develop local cinema," Uttarakhand secretary, tourism and information and public relations, Dilip Jawalkar added.

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Updated Date: Aug 29, 2018 17:50:10 IST

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