State hopes to collect Rs 40 k Cr from Investment Summit

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The State Government is hoping to attract an investment to the tune of Rs 40,000 crores by hard selling its potential in various fields from the proposed 'Uttarakhand Investment Summit'. The Prime Minister Narendra Modi is most likely to attend the summit which would be held in Dehradun on October 4 and 5.

Dwelling on the importance the State Government is attaching to the summit in terms of its investment potential, the chief secretary Utpal Kumar Singh said that though a specific target can hardly be set for such type of events the government is hoping that the state would be able to garner investment something between Rs 20,000 crore to Rs  40,000 crore  from the summit. He said that the State administration is gearing up to make the summit a huge success. Singh added that a round table would be organised in New Delhi on August 30 to promote the event  during which the Chief Minister Trivendra Singh Rawat would address the ambassadors of different countries. CS opined that the desired volume of investment can be attracted through properly highlighting the potential of the state.  To buttress his point, he cited the huge success of successive “Vibrant Gujarat’ summits.

As part of the promotional campaign for the summit, road shows would be staged in all the major cities of the country.

Notably, in a meeting held on Wednesday, a budget of Rs 25 crore for the mega event was sanctioned by the state cabinet while an amount of Rs 12.5 crore was released. It is learnt that the state government is also planning to select an international partner for the event. Singapore, Japan, Netherland, England, United Arab Emirates (UAE), Germany, Israel and Thailand have shown keen interest to become the international partners for the summit, sources privy to the state government said.  Besides, the state government has constituted eight committees to ensure smooth conduct of the event.

The State Government officers said that the summit would principally focus on sectors like Tourism, Agriculture, Information Technology (IT), Health care and AYUSH, Education and Film shooting to lure the investors into the State.

Daily Pioneer
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