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Memorandum of Understanding signed before Global Investor Meet

Himachal Pradesh is the best destination for investors on the occasion.

The state government has adopted a holistic approach to attract investment in the state so that Himachal Pradesh can be made a hub of investment. Chief Minister Jai Ram Thakur said this while presiding over the mini conclave held in Shimla today. This mini conclave has attracted encouraging interest from investors mainly in tourism, housing, education, food processing, health, IT and ITES sectors. Today 93 MoUs were also signed, which would attract an investment of Rs 4775 crore for the state. It contains 47 MoUs related to the tourism sector alone.

The Chief Minister said that this mini conclave was organized in Shimla on the auspicious occasion of Prime Minister Shri Narendra Modi’s birthday. He said that this is one of our Prime Minister’s efforts to attract investment in the country as it will not only boost economic activities, but also provide adequate employment and self-employment opportunities to the youth of the country and the state. He said that so far MoUs worth Rs 45000 crore have been signed in various sectors in the state.

Jai Ram Thakur said that from the first day the state government has ensured that every decision of the government is dedicated to the welfare and development of the people of the state. He said that the main objective of organizing Global Investor Meet in the state is to attract investors in the state. He said that all the major states of the country are organizing such investor meets to woo investors. He said that various states also organized international roadshows but international roadshows organized in Germany, Netherlands and UAE organized by Himachal Pradesh and domestic roadshows in Delhi, Bangalore, Hyderabad, Mumbai, Ahmedabad and Chandigarh, from investors to invest in this region. Special interest has been seen.

The Chief Minister said that the peaceful environment of the state, archaic cultural diversity and linguistic plurality give entrepreneurs a special option for investment. The state government is ensuring efficiency, transparency, timeliness and accountability with an aim to simplify the process of getting projects sanctioned to investors. He said that the Single Window Monitoring and Execution Authority shows the strong commitment of the state government in this direction.

   Attract an investment of Rs 4775 crore for the state.

attract an investment of Rs 4775 crore for the state.

The Chief Minister said that the new industrial policy announced by the state government is a new initiative to attract investment. The state has immense potential for investment in electricity, tourism, hospitality, food processing, renewable energy, IT, education, manufacturing sectors etc. He said that the state is known as the apple state of the country. Therefore, it has immense potential for fruit processing and fruit based industries.

Jai Ram Thakur said that the purpose of Mini Conclave is to listen to the problems of entrepreneurs and investors of the state and ensure their redressal so that they can get the most out of the Global Investors Meet. He said that recently such mini conclave was also organized in Manali in Kullu district, in which 93 MoUs worth Rs 2219 crore were held.

He urged the local entrepreneurs to be a part of the Global Investors Meet and thus to contribute to the development of the state.

Education Minister Suresh Bhardhaj said that the government is giving special emphasis on ease of doing business. He said that the calm environment of Dev Bhoomi Himachal makes it a popular destination for investment. There are many renowned educational institutions in the state which makes it the ‘Education Hub’ of the country. The state government has announced various incentives for potential investors wishing to invest in the state.

Urban Development Minister Sarveen Chaudhary said that the resolution of Global Investors Meet and the decision to organize it has been taken under the visionary leadership of Chief Minister Jai Ram Thakur, which aims to attract investment of Rs 85000 crore in the state. He said that there are immense possibilities of investment in the housing and urban development sector.

Chief Secretary Dr. Shrikant Baldi gave a presentation on Investment Opportunities in Tourism and Housing Sector on the occasion. He said that the various climatic conditions and healthy climate available in the state makes Himachal the favorite destination of tourists and adventure lovers. Every year two crore tourists come to visit the state. There are vast possibilities in the tourism sector in the state. He said that for the convenience of investors willing to invest in the tourism sector, a new tourism policy-2019 has been formulated.

Principal Secretary Information Technology Jesse Sharma made a presentation on Investment Opportunities in IT and ITES and Electronic Sector on the occasion. He said that information technology accounts for eight percent of the country’s GDP and the state has wide potential for investment in this sector. He also gave information about the economic incentives given to investors wishing to invest in the information technology sector.


Principal Secretary Education K.K. Pant gave a detailed presentation on the possibilities of investment in the field of education on this occasion.

The Chief Secretary to the Chief Minister, Sanjay Kundu, thanked the entrepreneurs for making the mini-conclave a success and invited them on behalf of the state government for the Global Investors Meet to be held in Dharamshala.

Director Industry Hansraj Sharma while giving information about various initiatives being taken by the state government on the occasion, the industry gave information about various reasons for investing.

Chairman of CII Himachal Pradesh, National Partner of Global Investors Meet, Harish Aggarwal also highlighted various aspects that made the state

        Himachal Pradesh is the best destination for investors on the occasion.

Himachal Pradesh is the best destination for investors on the occasion. He assured all possible assistance by CII successfully organizing the Global Investor Meet.

On this occasion, a short film was also screened on investment possibilities in different regions of the state.

Additional Chief Secretary Industries Manoj Kumar, Principal Secretary Onkar Sharma, Secretary Amitabh Awasthi, Special Secretary Industries Abid Hussain, Director Tourism Yunus, Director Information Technology Rohan Chand Thakur, General Manager HPSEBL JP Industrialists from Kalta, PCCF Ajay Kumar, Pradesh and outside states were also present on the occasion along with others.

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