Chief Minister Invites Industry Captains to Invest in Himachal Pradesh

By Tricitynews

Mumbai 28^th June:- Himachal is a vibrant and jubilant State that has the highest forest cover of 70% in the country and also has a great potential to draw Investment. Through the Rising Himachal Global Investors Meet, we are looking towards welcoming all Sectors to come and invest in Himachal and help the state develop into a booming economy. This was stated by  Jai Ram, Thakur, Chief Minister, Government of Himachal Pradesh at the Mumbai Road show organised by the Confederation of Indian Industry (CII) of the “Rising Himachal Global Investor Summit, 7-8th November at Dharmashala.

In the series of domestic road show, for attracting investors interest in the Global Investors’ Meet scheduled at Dharmashala on November 7th-8th, 2019, a high-level State delegation led by Jai Ram Thakur, Hon’ble Chief Minister of Himachal Pradesh along with Bikram Singh, Hon’bl Industries Minister and senior officers from the Himachal Pradesh Government called upon the Captains of the industry, including Ratan Tata, Adi Godrej, Anand Mahindra for investment in the state.

The State Delegation is seeking investments in Tourism, Infrastructure & Logistics, Pharmaceuticals, Food Processing, etc. and received a humongous response from the business leaders in Mumbai.  Many MoUs for investment in the State were signed with the leaders. One of the MoU signed with Mahindra holidays and Resorts worth INR 300 Cr in Tourism and another MoU in Wellness Resort by M/s Himalayan Bliss.

Anand Mahindra, Chairman, Mahindra Group shared that the group is exploring HP as the next destination for electric vehicles as well as in the areas of Intelligent traffic management for smart cities. The group is also keen in implementing Enterprise Solutions for Government bodies. Waste to Energy is another area where the group intends to invest in Himachal as there has a vast potential to convert pine cones and needles into energy.

Ratan Tata, Chairman, Tata Trusts assured that he would ask Chairman of Tata Sons to constitute a task force to explore investment possibilities.

Chief Minister during the discussions with Adi Godrej, Godrej Group Chairman requested him to increase group's presence in the state in fast moving consumer goods and real estate sectors and extended an invitation for participating in Global Investors' Meet in Dharamsala in November.

The series of B2G meetings had a fruitful outcome and commitment of fresh investment in the state. The first meeting was with Arun Nanda, Chairman, Mahindra holidays and Resorts – an MoU was signed with Mahindra Resorts for investment in Mahindra resorts at Kndaghat, Dharamshala, Janjheli and Koldam dam for 300 crores

In the meeting with Harsh Goenka, Chairman, RPG group, Harsh Goenka shared his Investment plan in IT park at Wakhnaghat and informed that they are looking at plantation as they are largest in tea and rubber plantation. The group is looking at possible options in northern India to which the State Government suggested that contract farming is suitable option for plantation in Himachal Pradesh and invited Harsh Goenka for the Global Investors meet to be held in November.

D P World (a world leader in global supply chain solutions) expressed its interests in setting up logistic parks at large industrial area in Baddi. The State delegation also met Ms. Sree Patel, Executive Director, Mondeleze India and Sagar Kaushik, COO United phosphorous ltd, who expressed interests to invest in Horticulture. He shared the innovations done for apple irrigation and are looking at post-harvest technology to increase shelf life of fruits procured from Himachal Pradesh. They have also submitted a proposal for expansion of existing facility in Himachal Pradesh by 5 times for procurement of apples.

Bhupendra Dalal, Chairman, Foods and Inns ltd, expressed his interest in investment in Food processing sector.

Whereas Neeraj Akhoury, MD & CEO, ACC Ltd, appreciated state contribution over the years, and shared the company’s expansion plans in Chamba district.

Nikhil Miswani, Executive Director, Reliance Group expressed his willingness to invest in sectors such as Retail, agri-marketing, hospitality etc, were taken up.

Chief Minister greeted the distinguished guests and lauded the entrepreneurial spirit of Indians that has created wonders and is well acknowledged across the globe. He also presented the priority sectors of the state like Tourism, Food Processing, Pharmaceuticals, IT, etc and requested the participants to explore investment opportunities in these sectors. He shared about Himachal Pradesh’s strengths, meticulously framed policies, suitable opportunities and State’s readiness to attract and encourage investment. He informed the business leaders about the reforms undertaken by the State Government in Ease Of Doing Business and further added that the state would provide world class industrial infrastructure as well as enablers like one of the lowest tariff power, abundance of water and other amenities. He also invited the gathering of potential investors to block their dates for the Rising Himachal Global Investors Meet and make it convenient to join at Dharamshala.