Mega event concludes in Uttarakhand, MoU worth ₹3.50 lakh crore signed, government will increase grounding through Udyog Mitra

The mega event ‘Global Investors Summit 2023’ has concluded in Uttarakhand. Under this, a two-day program was organized at FRI located in Dehradun. On the first day i.e. on 8th December, Prime Minister Narendra Modi inaugurated the summit. Whereas, on the second day on 9 December, Union Home Minister Amit Shah participated. This Global Investor Summit was special in many ways. Because, during this Global Investors Summit, MoUs were signed on the proposal of Rs 3.5 lakh crore. Also, grounding of Rs 44,000 crore had already been done before the summit programme.

After the conclusion of Uttarakhand Global Investors Summit 2023, Industrial Development Secretary Vinay Shankar Pandey said that investors from India and abroad participated in this summit. Along with this, officials from 28 to 30 countries participated as ambassadors or their representatives.

Barring a few big industrialists, some representative of almost all the industrialists attended the summit. At the same time, during the sectoral session, investors were given information on all the important sectors of the state. Several rounds of meetings were also held with big investors under the chairmanship of Chief Minister Pushkar Singh Dhami.

MoU signed on proposals worth Rs 3 lakh 52 thousand crore

At the same time, Secretary Chief Minister Vinay Shankar Pandey said that before the start of the Investor Summit, MoUs worth Rs 2.50 lakh crore had been signed. Therefore, by the end of the Investors Summit program, MoUs have been signed on proposals worth Rs 3 lakh 52 thousand crores.

This time the state government had special focus on grounding and maximum employment generation. Also said that signing the MoU and getting the investment off the ground are different. CM Dhami has given instructions that one should not be limited to just signing MoUs. Rather, work will be done to get the projects off the ground.

Vinay Shankar Pandey said that the practice till now has been that if even 10 percent of the MOUs signed get grounding, it is considered a big achievement. Also said that when the summit was starting with the signing of MoUs worth Rs 2.5 lakh crore, by that time grounding of Rs 44 thousand crore had already been done. Which was 18 percent.

This process is not going to stop once the MOU is signed. To implement such MoUs worth more than Rs 5 crore, industry friends will work as a bridge between investors and the government. Secretary Pandey said that it is not necessary that as many MOUs as have been signed should be grounded, but the government and administration are trying.

Highest number of MOUs signed in manufacturing and energy sectors

Meanwhile, Secretary to Chief Minister R Meenakshi Sundaram said that during the Global Investors Summit 2023, maximum number of MOUs have been signed in the manufacturing and energy sectors. Investment of Rs 44 thousand crore together in one financial year has not happened in the last 20 years. Even if there is no more investment, it is still a big achievement, but the government will take it forward.

Industry friends will be made for grounding of MoU

R Meenakshi Sundaram further said that industry friends will be made for this purpose. So that grounding can be increased. Therefore, the government hopes that it will be able to easily ground Rs 1 to 1.25 lakh crore.