A ten member delegation comprising businessmen from Shangahi, China met finance and Parliamentary Affairs Minister Prakash Pant at Vidhan Sabha on Monday and expressed interest to invest in the State.
The Minister welcomed the delegation of luoyang Chambers of Commerce and said that it is matter of great pride for the state that the delegation has expressed its willingness to invest in Uttarakhand. He said that the industrialists from China are willing to invest around Rs 5000 crore in Sitarganj in Udham Singh Nagar district.
The minister said that this investment would help in increasing job opportunities for the youth. He informed that about 4000 industrial units were set up in the state after its creation in the year 2000. A relief of Rs 11000 crore in excise duty was provided to some 3500 industries during the term of a special economic package. The minister told the visiting delegates that the state government is adopting a single window system for those intending to set up industry in the state. Pant directed the Managing Director (MD) of State Infrastructural and Industrial Development Corporation of Uttarakhand limited (SIIDCUl) to ensure every possible help to the luoyang Chambers of commerce in its effort to set up industrial units in the state. He suggested that these industrialists should be provided land at one place only in Sitarganj Industrial Estate so that they get a homely environment there. On the request of Chinese delegation the minister said that a delegation of officials of state would visit their industrial area.
Expressing happiness at the investment proposal of Chinese industrialists, Sitarganj MlA, Saurabh Bahuguna said that about 15000 youths would get employment opportunities from this venture. He also thanked the director of the luoyang chambers Jhau Shia for clearing a project worth Rs 300 Crores in Sitarganj.
The MD of SIIDCUl, Rajesh Kumar said that efforts of Chief Minister Trivendra Singh Rawat and finance minister Prakash Pant have resulted in the proposal of Chinese investment in the state. He informed that the delegation was also taken to Haridwar SIIDCUl and it found the industrial environment there encouraging. The Chinese delegation was represented by President of chamber Chang Baopin, members Shang Tanvei, Jhang Jhaoguo, Jhang Sheing, Vang Jijhau, Vang Jhan, Chang Jiovin and Shaugang.