Chinese team visits SIIDCUl estates in Kumaon, plans investment

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A delegation from luan Chambers of Commerce and Industries, China, visited the State Infrastructure and Industrial Development Corporation of Uttarakhand limited (SIIDCUl) on Sunday to assess the investment opportunities in the state. The industrialists have seen a ray of hope of development with this initiative taken by the state government. The final MoU shall be signed by the delegation with the chief minister Trivendra Singh Rawat on Monday after the visit to the SIIDCUl industrial estates in Pantnagar and Sitarganj in Kumaon region. It is hoped that nearly Rs 6000 crore of investment will be made by China in the state industrial sector of Uttarakhand.

The 12-member delegation from different private industries of China visited Haridwar on Sunday at 3 pm. After hosting lunch in a 5 star hotel, the delegation was made to visit two industries ITC and Hindustan Unilever ltd by the SIIDCUl officials. SIIDCUl managing director R K Nautiyal deliberated on the industrial development taken place in the past 13 years and encouraged the delegation for investment in the area. The SIIDCUl regional manager H R Nautiyal earlier welcomed the delegation on their arrival here.

Speaking to The Pioneer, chairman of SIIDCUl Manufacturers Association, Harendra Garg said, “With this visit of representatives of Chinese companies, we are very much hopeful and look forward to the development opportunities.

This is in tune to the prime minister’s Make in India drive. To retain the infrastructure of the industrial sector, the state really needs such initiatives. Since the inception of SIIDCUl in 2003, this is the second initiative taken by the state government which is praise worthy,” opined Garg.

When asked which industries are likely to be touched upon by the delegation, Garg said that scope was in initiating textiles, plastics, engineering goods and other industries. later in the evening the delegation went to Har Ki Pauri to see Ganga Arti there.

Daily Pioneer
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