The Uttarakhand Global Investors Summit 2023, or UKGIS 2023, is poised to transform the fortunes of Uttarakhand. This eagerly awaited two-day event is set against the stunning backdrop of Dehradun, Uttarakhand, India, on December 8th and 9th, 2023. In this comprehensive article, we delve deep into the summit’s significance, the key sectors it focuses on, and the immense investment opportunities it presents.
About Uttarakhand Global Investors Summit 2023
Uttarakhand Global Investors Summit 2023 stands as a transformative platform with a singular mission: to drive economic growth and secure a brighter future for Uttarakhand. Anticipating over 5,000 attendees, including national and international participants, this diverse congregation unites business leaders, corporate representatives, academics, innovators, and government officials. Together, they converge on this dynamic platform with a common objective – to facilitate investment and catalyze Uttarakhand’s economic prosperity.
The summit’s primary objective is to shine a spotlight on Uttarakhand’s investor-friendly sectoral policies, commendable governance initiatives, supportive regulatory environment, and sustainable practices. To this end, Uttarakhand Global Investors Summit 2023 meticulously orchestrates Business-to-Business (B2B) and Government-to-Business (G2B) meetings.
These meticulously designed sessions empower investors with vital information, nurturing well-informed decision-making, and ultimately accelerating investments within the state. Furthermore, the summit serves as a stage for exhibitors, private organizations, and public entities to collaborate and showcase cutting-edge technologies, innovations, and future trends.
Uttarakhand Global Investors Summit 2023: Highlights
Uttarakhand Global Investors Summit 2023 stands as a grand confluence of opportunities, featuring an impressive array of highlights:
- 7 Domestic Road Shows: These roadshows reach potential investors across the nation, spreading awareness about Uttarakhand’s investment potential.
- 30+ Policies: A diverse range of sector-specific policies will be unveiled, offering insights into the state’s commitment to fostering growth.
- 4 International Road Shows: To attract international investments, UKGIS 2023 is organizing road shows in key global markets to showcase Uttarakhand’s potential.
- 12+ Focus Sectors: The summit homes in on a diverse range of sectors, each with its unique investment opportunities.
- 4 Partner Countries: Collaborating with other nations to explore opportunities and promote cross-border investments.
- 200+ Investible Projects: Investors will have access to a plethora of projects ready for funding, with a total project cost exceeding ₹75,000 crores.
- 13 District-Level Events: Exploring investment opportunities in Uttarakhand’s districts.
- 16 Sessions: Covering a broad spectrum of topics and sectors for comprehensive discussions.
- 6,000+ Acres Available in Landbank: Uttarakhand offers substantial land for potential investors, allowing for the development of new projects.
Key Focus Sectors
To guide investors through the vast landscape of opportunities, the Uttarakhand government has thoughtfully identified 15 key sectors for investment:
- Tourism: Uttarakhand’s natural beauty and cultural heritage make it an ideal destination for investment in the tourism sector.
- Hospitality: With the growing influx of tourists, the hospitality industry presents immense opportunities.
- Wellness: In an era of increasing health consciousness, the wellness sector is ripe for investment.
- Healthcare: Investing in healthcare infrastructure can meet the growing demand for quality medical services.
- Education: The state offers a conducive environment for educational institutions, making it an attractive sector for investment.
- IT/ITES: The Information Technology and Information Technology Enabled Services sector is flourishing, driven by a skilled workforce.
- Food Processing: Uttarakhand’s agriculture produces a wealth of raw materials for food processing units.
- Manufacturing: The state offers a conducive environment for manufacturing industries to thrive.
- Renewable Energy: With a focus on sustainability, investments in renewable energy are actively encouraged.
- Infrastructure: Developing essential infrastructure is crucial for the state’s growth.
- Logistics: The logistics sector presents opportunities to streamline the movement of goods within and beyond the state.
- Real Estate: A growing population and tourism industry make real estate investments promising.
- Urban Development: The state is actively working on urban development, creating opportunities for investors.
- Agriculture: The state’s rich agricultural resources offer numerous investment possibilities.
- Animal Husbandry, Horticulture, and Sericulture: These sectors provide a broad spectrum of investment options for agri-business enthusiasts.
Investment Opportunities
Uttarakhand has emerged as a prominent investment destination for the manufacturing and service industry in India. The state’s focus on sectors like Tourism, Education, Wellness, Automobiles, Pharmaceuticals, and Food Processing has generated substantial interest among investors. Several factors contribute to this newfound prominence:
- Business-Friendly Environment: Uttarakhand offers a business-friendly environment, making it an attractive destination for investment.
- Conducive Investment Policies: The state has crafted policies that actively support investments and reduce regulatory hurdles.
- Simplified Regulations: The regulatory landscape is designed to be investor-friendly, streamlining the investment process.
The Uttarakhand government goes the extra mile to assist investors, providing dedicated relationship managers who guide them through the entire investment life cycle. This support ensures that potential investors and entrepreneurs can efficiently conduct their due diligence, leverage lucrative business opportunities, and explore rewarding investment possibilities within Uttarakhand.
Agenda of Uttarakhand Global Investors Summit 2023
The summit spans two action-packed days, with a detailed agenda designed to cater to a wide array of interests:
Day 1 of Uttarakhand Global Investors Summit 2023
- 9:00 – 10:30 hrs: Registration: Delegates begin their journey by registering for the event.
- 10:30 – 13:30 hrs: Inaugural Session: This session will be graced by the presence of the Hon’ble Prime Minister (GoI), the Hon’ble Chief Minister (GoUK), Cabinet Minister/s (GoI), and Industry Leaders. They will set the tone for the summit’s proceedings.
- 13:30 – 15:00 hrs: Lunch: A well-deserved break for delegates to network and recharge.
- 15:00 – 17:00 hrs: Parallel Sectoral Session: These sectoral sessions will provide deep insights into specific industries.
- Hall 1: Sectoral Session on Tourism Sector.
- Hall 2: Sectoral Session on Agriculture & Food Processing Sector.
- Hall 3: Sectoral Session on Automobiles.
- Hall 4: Partner Country Session – Country 1.
- 17:00 – 18:30 hrs: Cultural Program: An opportunity to experience the rich culture and heritage of Uttarakhand.
Day 2 of Uttarakhand Global Investors Summit 2023
- 9:00 – 09:30 hrs: Registration: Delegates reconvene for the second day of the summit.
- 09:30 – 11:30 hrs: Parallel Sectoral Session: Continuing the deep-dive into sectors and partner country sessions.
- Hall 1: Partner Country Session – Country 2.
- Hall 2: Sectoral Session on Pharmaceuticals Sector.
- Hall 3: Sectoral Session on Ayush and Wellness.
- Hall 4: Partner Country Session – Country 3.
- 11:30 – 13:30 hrs: Parallel Sectoral Session: Further exploration of sectors, including sessions for MSME, Start-Ups, and IT and Futuristic sector (includes AI, Data Center, Drone-Tech, IOT).
- 13:30 – 14:30 hrs: Lunch: A final opportunity for networking and discussions.
- 14:30 – 16:30 hrs: Valedictory Session: The summit concludes with a session addressed by the Hon’ble Chief Minister (GoUK), Cabinet Minister/s (GoI), and Industry Leaders.
The Potential for Business Owners
The Uttarakhand Global Investors Summit 2023 (UKGIS 2023) appears to hold significant potential for boosting business in Uttarakhand. Here are some reasons why it is likely to help business in the state:
Attracting Investment: The primary objective of the summit is to attract investments from both national and international sources. With over 5,000 delegates, including business leaders and government officials, in attendance, it provides a platform for potential investors to explore opportunities in Uttarakhand. This influx of capital can stimulate economic growth and lead to the establishment of new businesses in the state.
Diverse Investment Opportunities: The summit highlights a wide range of focus sectors, including tourism, education, wellness, manufacturing, renewable energy, and more. This diversity opens up investment opportunities in various industries, catering to different investor interests.
Investor-Friendly Environment: Uttarakhand is presented as an investor-friendly destination with favorable sectoral policies, good governance initiatives, and an enabling regulatory environment. This encourages investors to consider the state for their ventures.
Government Support: The presence of government leadership and industry leaders in the inaugural and valedictory sessions signifies government support for the summit. This support can translate into policy reforms, incentives, and infrastructure development that can benefit businesses.
Networking Opportunities: The Business-to-Business (B2B) and Government-to-Business (G2B) meetings facilitate networking and collaborations. These interactions can lead to strategic partnerships, joint ventures, and technology transfer, fostering business growth.
Ready Investible Projects: The summit showcases over 200 investible projects with a significant investment value. This offers potential investors a ready-made portfolio of projects to consider, reducing the time and effort required to identify and initiate investment opportunities.
Infrastructure and Land Availability: Uttarakhand offers over 6,000 acres of land in its landbank. This availability of land can be appealing to businesses looking to set up manufacturing or infrastructure projects.
While the summit holds great promise, its success in helping businesses in Uttarakhand will depend on various factors, including the actual implementation of proposed policies and initiatives, the ease of doing business in the state, and the ability to sustain the investor-friendly environment over the long term. Additionally, the state should ensure that it has the necessary infrastructure and human resources to support the growth of industries like manufacturing, tourism, and IT.
Investment Roadshows
As part of the grand preparations for the 2023 Global Investors Summit, Uttarakhand Chief Minister, Pushkar Singh Dhami, is leaving no stone unturned. He is embarking on a series of roadshows, both domestic and international, to attract investors to this thriving hill state. The Chief Minister’s roadshows will span several key cities, including Ahmedabad, Chandigarh, Mumbai, Bengaluru, Chennai, and Hyderabad, targeting a wide range of potential investors.
Impressive Commitments
During a curtain raiser event held in Delhi, the summit received remarkable commitments from various entities, underscoring the growing interest in Uttarakhand as a thriving investment destination.
- ITC Group: The ITC Group proposed a substantial investment of ₹5,000 crore in Uttarakhand, signaling its confidence in the state’s potential.
- Mahindra Holidays and Resorts India Limited: An MoU was signed for an investment of ₹1,000 crore. The company plans to establish 45 resorts in the state over the next three years, creating employment opportunities for 1,500 people. This marks the largest investment by Mahindra Holidays & Resorts India Limited anywhere in the country.
- e-Kuber: Another significant MoU, this time worth ₹1,600 crore, was signed during the curtain raiser, further bolstering the state’s investment prospects.
Vision of the Chief Minister
Chief Minister Pushkar Singh Dhami, while addressing the curtain-raiser event, emphasized the Uttarakhand government’s commitment to creating a business-friendly environment and world-class infrastructure in the state. Special policies and attractive financial incentives are part of the comprehensive plan to promote investment.
He also highlighted that Uttarakhand offers a substantial land bank of about 6,000 acres, ready for utilization by industry. This valuable resource adds to the state’s allure for potential investors.
In conclusion, the Uttarakhand Global Investors Summit 2023 has the potential to positively impact business in Uttarakhand by attracting investments, fostering economic growth, and creating employment opportunities. However, the actual outcomes will depend on the effective implementation of proposed policies and sustained efforts to maintain an attractive investment climate in the state. The summit represents a significant opportunity for Uttarakhand to continue its journey towards economic prosperity.
