Uttarakhand News: Chief Minister, Pushkar Singh Dhami, digitally transferred Rs 90 crore in subsidies to 40 units under the Industrial Development Scheme, 2017 (IDS). This Union government initiative offers a 30% subsidy, with a cap of Rs 5 crore, on investments in plants and machinery within the manufacturing and service sectors.
Industrial Subsidies and Promotion
Dhami praised the Union government’s efforts to foster industrialization in the hilly regions and highlighted its significance for promoting and expanding industries in Uttarakhand. Furthermore, he emphasized the need for executing Memorandums of Understanding (MoUs) worth Rs 55,000 crore signed with major firms.
Attracting Foreign Investments
As part of the ‘Invest in Uttarakhand’ campaign, Chief Minister Dhami organized a roadshow in Dubai to showcase investment opportunities in the state. He informed potential investors about the ongoing development work in tourism and infrastructure. Dhami extended invitations to the ‘Uttarakhand Global Investors Summit 2023’ scheduled for December. The Dubai visit resulted in the signing of investment MoUs worth Rs 11,925 crore with various industry groups, underlining the growing interest in Uttarakhand’s economic potential. Dhami encouraged industrial entities to participate in the upcoming summit in Dehradun, which promises to be a significant platform for further investment and development discussions.
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