Premium
This is an archive article published on October 4, 2023

At Global Investor Summit in Delhi, MoUs inked worth over Rs 19,000 crore

The flagship agreement involves a Rs 15,000 crore commitment from JSW Neo Energy for two pumped storage projects in Almora, aiming to generate employment, and contribute to the state’s development.

Global Investors Summit, Global Investors Meet, Indian express business, business news, business articles, business news storiesOther MoUs of Rs 4385 crore were signed with Radisson Group (Rs 1000 crore) in Hotel and Resort Sector, Yatharth Hospital (Rs 800 crore) in health , Oberoi Group (Rs 800 crore) in Hospitality Investment, SLMG (Rs 500 crore) in Wellness, DS Group (Rs 500 crore) in Food Processing, and Dixon Technologies (250 crore) in Electronics Manufacturing.
Listen to this article
At Global Investor Summit in Delhi, MoUs inked worth over Rs 19,000 crore
x
00:00
1x 1.5x 1.8x

In a significant development, Memoranda of Understanding (MoUs) totaling Rs 19,385 crore were sealed with various institutions during the Global Investor Summit 2023 roadshow in New Delhi on Wednesday. The agreements, signed in the presence of Uttarakhand Chief Minister Pushkar Singh Dhami, encompass diverse sectors, including renewable energy, electronics manufacturing, among others.

The flagship agreement involves a Rs 15,000 crore commitment from JSW Neo Energy for two pumped storage projects in Almora, aiming to generate employment, and contribute to the state’s development.

The scheme is proposed to have a lower reservoir at a distance of 8-10 km from Kosi river at Site 1 in Joskote village of Almora and upper reservoir at Site 2 at Kurchaun village of Almora at a distance of 16 km from Kosi river. According to a statement issued by the state information department, the scheme will provide drinking water supply to a large population and irrigation facilities for agriculture. Along with this, this scheme will provide employment opportunities to 1000 people.

Story continues below this ad

Along with this, Chief Minister Pushkar Singh Dhami expected cooperation in the field of pump storage plant, cement, sports, training center, drinking water, restoration and beautification of temples of Kumaon (Manaskhand Temple Mala) under CSR in Uttarakhand. Signing the MoU, Dhami also mentioned that the state government has prepared Uttarakhand Pumped Storage Project Policy to promote the development of PSP in the state, which provides major incentives to developers.

Other MoUs of Rs 4385 crore were signed with Radisson Group (Rs 1000 crore) in Hotel and Resort Sector, Yatharth Hospital (Rs 800 crore) in health , Oberoi Group (Rs 800 crore) in Hospitality Investment, SLMG (Rs 500 crore) in Wellness, DS Group (Rs 500 crore) in Food Processing, and Dixon Technologies (250 crore) in Electronics Manufacturing.

A road show was organized in Delhi earlier in the day regarding the proposed Investor Summit in Uttarakhand in December. On this occasion, Chief Minister Dhami said that Prime Minister Narendra Modi has set a target of providing employment to 10 lakh people in the country within a year, and they are also making continuous efforts to realize this vision.

Addressing potential investors, Dhami said that the acceptance of industrial package for Uttarakhand by former Prime Minister Atal Bihari Vajpayee helped in creating an industrial environment in the state. Claiming that there was some disruption in it for some time before 2014, Dhani said that after a BJP government in the centre there is rapid development in all sectors in the state and work is being done on various schemes worth Rs 1.50 lakh crore.

Story continues below this ad

The Chief Minister said that Uttarakhand is becoming a world class favorite tourist destination and over 44 lakh people have come to Char Dham Yatra in the state this year. Moreover, around 4.15 crore Shiv devotees came to Kanwar Yatra whereas last year, the number was 3.75 crore.

Dhami said that the way investment proposals worth more than Rs 20 thousand crore were received from more than 400 industry representatives during the road shows in London and Birmingham, it proves that entrepreneurs not only from the country but also from abroad are interested in Uttarakhand.

On this occasion, the Chief Minister listened to the views of a large number of entrepreneurs present during their mutual interaction and also assured to implement the suggestions given by them.

The Global Investors Summit in Uttarakhand will take place in December this year. Other than London, international roadshows are also expected to be organised in Singapore and Taiwan.

Story continues below this ad

The first roadshow in the country was held in Delhi on Wednesday, after which there will be 6 more road shows in Ahmedabad, Chandigarh, Mumbai, Bengaluru, Chennai and Hyderabad. A target of investment of at least Rs 2.5 lakh crore has been set by the state government through the investors summit.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement