NATIONAL

At the Global Investors Summit in London, CM Dhami said, “The real estate market in our state has enormous potential”

Pushkar Singh Dhami, the chief minister of Uttarakhand, said on Tuesday that the state’s real estate industry has enormous potential and that two new towns are now being built.

Pushkar Singh Dhami remarked, speaking at the London Uttarakhand Global Investors Summit, “The UK real estate sector provides a variety of options, from residential construction to commercial infrastructure. Good instances of this are Manchester and London. We are constructing two new cities in Uttarakhand since the state has enormous potential.

He continued by saying that Britain’s expertise in these areas would benefit Uttarakhand, a state that has earned a name for itself in the domains of technology and innovation.

“Uttarakhand has succeeded in leaving its imprint on the world of innovation and technology. Your expertise is crucial to us since Britain is a global leader in this area. In the fields of medicine and the biological sciences, Britain is a pioneer. India’s pharma powerhouse has also emerged in Uttarakhand. Uttarakhand is where 22% of the nation’s pharmaceutical work is completed, according to CM Dhami.

He went on to emphasize the economic ties between Britain and India.

The sixth-largest investor in India is Britain. With a 50 billion dollar annual revenue, Britain operates more than 600 commercial units in India. These firms directly employ around 4 lakh 75 thousand persons in India. Britain has made investments in India’s education, retail consumer goods, life sciences, health care, and infrastructure sectors. I’m pleased to report that India is the second-largest source of FDI in the United Kingdom, he remarked.

He compared the River Thames and River Ganga, noting that both are being revitalized, and highlighted the Namami Gange initiative, saying that it may be utilized for investment and knowledge-sharing.

“The Thames River (in the UK), whose rehabilitation initiatives are under way, is the biggest resemblance between Uttarakhand and Britain. The Ganga and its tributaries are present in Uttarakhand as well. PM Modi launched the Namami Gange initiative throughout the nation to revitalize them. We can also see prospects for investment and the sharing of information in this field,” he said.

From September 25 to September 28, Pushkar Singh Dhami, the chief minister of Uttarakhand, will be in the UK for 4 days. For the visit to invite NRIs and industrialists to the Global Investors Conference to be hosted in the state in December, the CM and his entourage landed in London on Monday evening.

On Monday night, Deputy High Commissioner Sujit Ghosh greeted CM Dhami at the airport. The CM wants to bring in investors for the conference to support Uttarakhand’s strong industrial development.

The Uttarakhand government signed a Memorandum of Understanding (MoU) for Rs 2000 crores with the French cable car business POMA ropeways for investment in the state as part of the Uttarakhand Global Investors Summit in London in the presence of Chief Minister Pushkar Singh Dhami.

“This investment will bring about new job prospects for the state. With the goal of raising Rs 2.5 lakh crores via the Uttarakhand Global Investors Summit-2023, we are consistently trying to improve the state’s economy, he added.

Additionally, the Uttarakhand government inked an MoU in London with Prashant Jhawar, the chairman of Usha Breco Limited, for an investment of Rs 1,000 crores in Uttarakhand.

 

Related Articles

Back to top button