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This is an archive article published on December 9, 2023

India rapidly developed in last 10 years, today whole world looking at it: Amit Shah at Uttarakhand Global Investors’ Summit

Deals worth Rs 3.5 lakh crore signed, almost double of target, says Union Home Minister

global investors summitMore than 13 crore people in the country had risen above the poverty line, the per capita income had doubled, and unicorn startups had multiplied, he said. (PTI Photo)

Calling it the beginning of “infinite possibilities” for a “new Uttarakhand”, Union Home Minister Amit Shah said Friday that the state had signed MoUs worth over Rs 3.5 lakh crore, almost double the Rs 2 lakh-crore target, as part of its Global Investors’ Summit.

Addressing the valedictory session of the two-day Summit at the Forest Research Institute here, Shah said India had rapidly progressed over the past decade and was poised to become a $5 trillion economy by 2025 end. More than 13 crore people in the country had risen above the poverty line, the per capita income had doubled, and unicorn startups had multiplied, he said.

He credited Prime Minister Narendra Modi with it.

“The way India organised the G-20 was appreciated all over the world. The Delhi Declaration of the G20 will hoist India’s flag in the field of diplomacy… By 2047, the Prime Minister has set a target to make the country developed and the best in every field. Today the whole world is looking towards India,” he said.

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Chief Minister Pushkar Singh Dhami said that of the total MoUs — across sectors including Tourism, AYUSH, pharma sector, food processing and real estate-infra — work had already begun on implementing proposals worth Rs 44,000 crores.

Ahead of the Summit on December 8 and 9, the state government held five domestic and four international road shows to garner investment, including in London, Dubai and Abu Dhabi. According to a statement issued by the state information department, of the total MoUs signed, investment agreements worth Rs 12,500 crore were signed in the UK, and worth Rs 15,475 crore in UAE.

The Summit was also attended by National Stock Exchange CEO Ashishkumar Chauhan, Mother Dairy MD Manish Bandlish, Rasna MD Piruz Khambatta, and Jubilant Generics Ltd MD Dr Jaidev Rajpal.

Shah also praised the PM, as well as CM Dhami, for the recent mammoth rescue operation lasting 17 days to free 41 workers trapped in the Silkyara tunnel. Uttarakhand was developing fast under their leadership, he said.

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“The objective of making Uttarakhand a separate state (it was carved out of Uttar Pradesh in 2000) was that it should develop rapidly. The state has made remarkable progress under CM Dhami’s leadership. Many important initiatives… The Chardham Yatra system, infrastructure and the plan for border areas are commendable,” he said, adding that Uttarakhand was now a policy driven state “with about thirty investor friendly policies”.

Speaking on the occasion, Uttarakhand Chief Secretary Dr S S Sandhu said investors’ enthusiasm towards Uttarakhand was continuously increasing as the state had formed 30 new policies in the last six months. A land bank of 6,000 acres of government land was also prepared, besides providing electricity to industries at affordable rates. Connectivity with NCR is also being made easier, he said.

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