Prime Minister Narendra Modi inaugurated the first Uttarakhand Investors Summit 2018 on Sunday morning. Speaking to media a day before the two-day event, Uttarakhand Chief Minister Trivendra Singh Rawat said that his government is providing incentives to investors and have a single window clearance, which clears proposals within 15 days.
The state had also organised a roadshow in five cities including Bangalore, Hyderabad, Ahmedabad, Mumbai and Delhi to attract investment in the state, in association with Confederation of Indian Industry (CII). The 12 focus sectors of the state include, food processing, horticulture and floriculture, herbal and aromatic, tourism and hospitality, wellness and AYUSH, pharmaceuticals, automobiles, natural fibres, information and technology, renewable energy, biotechnology and film shooting. The state eyes an investment of around Rs 20,000 crore from the event.
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Czech Republic and Japan are the partner countries for the event. Both the countries are represented by their ambassadors Milan Hovorka and Kenji Hiramatsu, respectively.
Here are the highlights:
#13:55 pm: Many big brands of the world are part of @makeinindia today. India is progressing very fast in the automobile sector: PM Modi
#13:52 pm: Today's, India is poised to become a world leader in #RenewableEnergy sector. We have decided that 40% of our power capacity is non-fossil fuel by 2030. We are moving forward with a target of 175 GW renewable energy by 2022: PM Modi
#13:49 pm: We have one mantra of one World, one Sun, one Grid to meet the world's energy requirements and also to ensure a safe environment: PM Narendra Modi
#13:45 pm: Many steps have been taken to empower and promote them. More and more small-scale industries are being given attention with high credit support, capital, interest subsidy, lower tax and innovations: Prime Minister Narendra Modi.
#13:41 pm: Nature, adventure, culture or Yoga, meditation --- Uttarakhand is a complete package and an ideal destination for tourism. Thirteen new camp destinations have been established in the 13 districts for the first time in 18 Years: Prime Minister Modi.
#13:39 pm: We are in the process of making Uttarakhand an organic state.
#13:37 pm: Potential, policy and performance, these are the sources of progress: Prime Minister Narendra Modi at the Uttarakhand investors summit.
#13:27 pm: We have improved the tax system in the country. We are trying to make the tax system more swift & transparent. Doing business has become easier due to Insolvency & Bankruptcy Code. The banking system has also got strengthened: PM Narendra Modi at the Uttarakhand investors summit.
#13:20 pm: Prime Minister's address at the maiden Uttarakhand Investors Summit.
The Japanese Ambassador to India Kenji Hiramatsu said, “Japan and Uttarakhand have a strong relationship; we have been financing forest resource management since 2014 and will continue to support environmental preservation in Uttarakhand.”
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Union Ministers Nitin Gadkari, Piyush Goyal, Ravi Shankar Prasad, Harsimrat Kaur Badal, KJ Alphons and CR Chaudhary will also participate in the sessions on different subjects. Home Minister Rajnath Singh will address the event on the concluding day on Monday.
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