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Time of India
a day ago
- Business
- Time of India
Uttarakhand secures over Rs. 1 Lakh Crore in grounded investments, boosting economic growth
Uttarakhand has successfully grounded investments worth over Rs. 1 lakh crore, a landmark achievement celebrated at the "Uttarakhand Investment Utsav–2025" held in Rudrapur on Monday. This major milestone comes just over a year after the state's Global Investors Summit (GIS) 2023 and signals a new era of industrial development and economic growth. The event saw the presence of Union Home Minister Amit Shah, who lauded Chief Minister Pushkar Singh Dhami's visionary leadership, transparent policies, and investor-first approach. 'Uttarakhand is making rapid strides in development, and today's milestone is a reflection of the double-engine government's strong coordination and intent,' said Shah. Of the Rs. 3.5 lakh crore worth of MoUs signed during GIS 2023, more than Rs. 1 lakh crore have already materialised into grounded projects—setting a national benchmark for swift execution. The state government is actively supporting these investments with a streamlined single-window system, sector-specific reforms, and proactive facilitation. Chief Minister Dhami reaffirmed the state's commitment to sustainable, inclusive, and forward-looking growth. 'We are not just attracting investment; we are grounding it with speed, efficiency, and accountability,' he said. Highlighting the state's focus areas, Dhami mentioned the upcoming policies on green industry, logistics, pharma, and the Rs. 200 crore venture capital fund for startups. The state's 'Ease of Doing Business' ranking has improved significantly, and authorities credited the rapid approvals, infrastructure readiness, and industrial-friendly climate for the same. Officials revealed that investment projects have led to employment generation across 14 districts, giving a major boost to local economies. The Investment Utsav also served as a platform for investors to share their experience and endorse Uttarakhand as a prime destination for business expansion. 'The investment climate here is dynamic, efficient, and highly cooperative. We feel confident in scaling up our operations,' said one of the attending industrialists. With over Rs. 1 lakh crore already in execution, the Uttarakhand government aims to ground more projects in the coming months. The event concluded with a renewed call to industries to become a part of the state's transformational journey towards becoming a key pillar in India's vision of becoming a developed nation by 2047.
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Business Standard
3 days ago
- Politics
- Business Standard
Over 81K jobs created in Uttarakhand through ₹1 trillion investments: Shah
Union Home Minister and Minister of Cooperation Amit Shah on Saturday addressed the 'Uttarakhand Investment Festival - 2025', organized on the occasion of realisation of Rs 1 lakh crore worth of investments in Uttarakhand, and inauguration and foundation laying ceremony of various development projects worth Rs 1,271 crore by the state government. On this occasion, Uttarakhand Chief Minister Pushkar Singh Dhami, Speaker of the Legislative Assembly, Ritu Khanduri Bhushan, Union Minister of State for Road Transport and Highways Ajay Tamta, and Yog Guru Baba Ramdev, along with several other dignitaries, were present, Ministry of Home Affairs said. Addressing the 'Uttarakhand Investment Festival 2025', Union Home Minister and Minister of Cooperation Amit Shah said that every time he visits Uttarakhand, he returns with a renewed sense of energy. The moment one sets foot in Uttarakhand, he is blessed by the deities residing in the Char Dham, the sacred rivers Ganga and Yamuna, and the saints who have kept the flame of spirituality alive in this land. Shah said that Uttarakhand is rightly called the "Dev Bhoomi" (Land of the Gods), because its mountain peaks elevate not just India but the entire world to spiritual heights. "The saints and sages residing here have, for thousands of years, worked to purify and uphold Indian culture flowing alongside the Ganga. At the same time, the rivers of Uttarakhand provide drinking water and irrigation to nearly half of India, sustaining life. He added that Uttarakhand offers a unique confluence of nature and culture," he further added. Amit Shah stated that during the 2023 Global Investors Summit held in Uttarakhand, when Chief Minister Pushkar Singh Dhami informed him that the state had received MoUs worth Rs 3.56 lakh crore, he had remarked that signing MoUs is not a major achievement--implementing them on the ground is the real challenge. Shah said that today, investments worth over Rs 1 lakh crore have become a reality in Uttarakhand. He noted that bringing investments to landlocked and hilly regions is as challenging as climbing a mountain. However, Chief Minister Pushkar Singh Dhami, despite all adverse circumstances and by breaking traditional perceptions, has successfully brought in investments exceeding Rs 1 lakh crore in the state. He added that along with these investments, more than 81,000 jobs have been created in Uttarakhand, as per the release. Additionally, it is estimated that ancillary industries will generate around 2.5 lakh new employment opportunities. Importantly, investment has reached even Tier 2 and Tier 3 cities. He emphasised that industrial growth in the state has been pursued while maintaining a balance with environmental sustainability. He also praised Chief Minister Shri Dhami for outlining a new roadmap for Uttarakhand's development, marked by transparency in policy, speed in implementation, and vision in planning. Shah said that when the people of Uttarakhand were fighting for a separate Uttarakhand state, the opposition party persecuted the agitators of Uttarakhand. He said that the work of making Uttarakhand a separate state was done by the then Prime Minister Atal Bihari Vajpayee. Atal ji created three states - Uttarakhand, Jharkhand and Chhattisgarh. These three states were formed and started moving forward in the path of development. "The icing on the cake was when Prime Minister Narendra Modi government came to power in 2014. Shah said that whatever Atal ji created, PM Modi worked to improve and enhance it. Now there is a double-engine government in Uttarakhand," he added. Amit Shah said that PM Modi has drawn the blueprint for the development of the entire country. Whether it is the development of infrastructure, bringing clarity in education policy, laying the foundation of industrial development of the country, or taking the economy forward, PM Modi has made many records in every field. He said that the Modi government has increased the length of national highways by 60 per cent in the last 10 years. Work has been done to build 8 lakh kilometer of new roads in rural areas. Convenient 'Vande Bharat' trains have reached 333 districts of the country. 45 thousand kilometers of railway lines have been electrified. 88 new airports have been built and inland waterway cargo has increased 11 times. "It is the result of these development works that Atal Ji had then brought the economy of this country to the 11th position, which PM Modi has upscaled it from the 11th to the 4th position in 10 years," he added. Shah said that we are going to become the world's third-largest economy in the year 2027. He stated that the speed at which development has taken place has led to a doubling of our exports in the service sector, and exports have increased by 76 per cent, resulting in our becoming the fastest-growing economy. Shah said that Prime Minister Narendra Modi has busted the myth that if infrastructure is built and industrial development takes place, the welfare of the poor gets affected. He said that the Modi government ensured food security by giving 5 kg of grains free of cost to 80 crore poor people of the country, by providing free treatment up to five lakh rupees to crores of people, and their expenses incurred on hospitalisation were waived off. For the first time after independence, tap water was provided to 16 crore houses, toilets were built in 12 crore houses, LPG cylinders were delivered to 13 crore houses, electricity was provided to 3 crore houses and four crore people were given houses. Along with this, work was also done to bring 25 crore people above the poverty line. Union Home Minister said that PM Modi has pledged to make India fully developed by 2047. It is not possible to build a developed India without a developed Uttarakhand. He said that until our small states progress, there cannot be uniform development in the country. Similarly, until the states of the eastern region progress, there cannot be uniform development in the country. Therefore, the Central Government has paid special attention to the development of small states and eastern states. Amit Shah said that as far as Uttarakhand is concerned, where one Jyotirlinga, two Shakti Peeths, four Dhams, Panch Prayag, Panch Kedar and Sapt Badri are situated, nobody can stop its development. He said that our government devised a policy that brought stability as per the needs of Uttarakhand, provided an environment that rolled out the red carpet for the industry and transparent governance, ensured good law and order, and provided such infrastructure so that tourists keep coming 24 hours a day and 365 days a year. The Union Home Minister said that PM Modi has left no stone unturned in providing facilities to Uttarakhand. He said that some activists were trying to stop the construction of all-weather roads to our four Dhams, but PM Modi, with great determination, filed the lawyers of the Government of India in the Supreme Court and has almost completed the work of providing all-weather roads to the four Dhams. "The day this work is completed, there will be a rush of tourists in Uttarakhand all year round. Shah said that the construction of a 12-km-long ropeway from Govind Ghat to Hemkund Sahib at a cost of Rs 2700 crore and the Sonprayag-Kedarnath ropeway at a cost of Rs 4000 crore will attract tourists from all over the world in the coming days. Many such roads are being built for the devotees, which will connect Delhi directly," he later said. Amit Shah said that due to stable policies, an environment for industrial investment was created in Uttarakhand. Tourism policy, start-up policy, film city policy, policy for the service sector and AYUSH policy were made. By making arrangements for getting all approvals through a single window, the Chief Minister has provided a lot of convenience to the industrialists. Shah said that Ayurveda, yoga, natural treatment and organic farming, these four are going to become the basis of development of Uttarakhand in the coming days. "Ayurveda, yoga, natural treatment and organic farming are a tradition here, there is a suitable environment for them and people also have faith in them. There is a possibility of attracting many times more investment and tourists in these four areas," he added in an official statement. He said that the international container depots built in the state will promote exports and logistics. Plug and play facilities are being developed in Haridwar, Dehradun,and Udham Singh Nagar. Many schemes have been brought for start-ups and the current government of the state has created an overall environment for development. Union Home Minister Amit Shah said that during the opposition party's government from 2004 to 2014, a total of 53 thousand crore rupees were given to Uttarakhand for devolution and grant-in-aid, while PM Modi gave about three and a half times more, i.e. one lakh 86 thousand crore rupees, from 2014 to 2024. Apart from this, 31 thousand crore rupees were given for roads, 40 thousand crore rupees for railways and 100 crore rupees for airports. He said that overall we have given four and a quarter times more money to Uttarakhand than the opposition party's government. He told the opposition that when the state develops, the practice of disrupting development should be stopped. When the state is progressing, it is the responsibility of every political party to support it.
The Hindu
3 days ago
- Business
- The Hindu
Uttarakhand creating history in development and growth, says Amit Shah
Home Minister Amit Shah on Saturday (July 19, 2025) said that it was a Bharatiya Janata Party government led by former Prime Minister Atal Bihari Vajpayee that carved out smaller States like Uttarakhand, Jharkhand and Chhattisgarh, which are now creating history in development and growth. Speaking at Rudrapur during the celebration of 'Uttarakhand Investment Festival 2025' organised on realisation of ₹1 lakh crore investment in the State, Mr. Shah hailed the development being done by the Pushkar Singh Dhami government. He also inaugurated and laid foundation stones of various development works worth ₹1,271 crore. 'During the 2023 Global Investors Summit held in Uttarakhand, CM Dhami told me that the State had received MoUs worth ₹3.56 lakh crore. I told him that signing MoUs is not a major achievement — implementing them on the ground is the real challenge. Today, we are celebrating the grounding of investments worth over ₹1 lakh crore in the State,' he said. 'CM broke traditional perceptions' Heaping further praise for Mr. Dhami, the Union Minister added that garnering investments to landlocked and hilly regions is as challenging as climbing a mountain but the Chief Minister, despite all adverse circumstances, broke the traditional perceptions. Launching a scathing attack on the Opposition, Mr. Shah said that when the people of Uttarakhand were fighting for a separate Uttarakhand State, the Congress party persecuted the agitators fighting for it. 'Making Uttarakhand a separate State was done by the then PM Vajpayee who created three States — Uttarakhand, Jharkhand and Chhattisgarh. These three States were formed and started moving forward in the path of development. The icing on the cake was when Narendra Modi became PM in 2014. Whatever Atalji created, Modiji worked to improve and enhance it. Now, there is a double engine government in Uttarakhand,' he added. 'Greater devolution of funds' He pointed out that during the Opposition party's government in the State between 2004 and 2014, a total of ₹53,000 crore was given to Uttarakhand for devolution and grants-in-aid, while Mr. Modi's government provided about three-and-a-half times more i.e. ₹1.86 lakh crore from 2014 to 2024. Apart from this, ₹31,000 crore was given for roads, ₹40,000 crore for railways and ₹100 crore for airports. 'Overall, we have given four-and-a-quarter times more money to Uttarakhand than the Opposition party's government. I am telling this to the Opposition that when the State develops, the practice of disrupting development should be stopped. When the State is progressing, it is the responsibility of every political party to support it,' he said.
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Business Standard
3 days ago
- Politics
- Business Standard
Over 81K jobs created in Uttarakhand through ₹1 trilion investments: Shah
Union Home Minister and Minister of Cooperation Amit Shah on Saturday addressed the 'Uttarakhand Investment Festival - 2025', organized on the occasion of realisation of Rs 1 lakh crore worth of investments in Uttarakhand, and inauguration and foundation laying ceremony of various development projects worth Rs 1,271 crore by the state government. On this occasion, Uttarakhand Chief Minister Pushkar Singh Dhami, Speaker of the Legislative Assembly, Ritu Khanduri Bhushan, Union Minister of State for Road Transport and Highways Ajay Tamta, and Yog Guru Baba Ramdev, along with several other dignitaries, were present, Ministry of Home Affairs said. Addressing the 'Uttarakhand Investment Festival 2025', Union Home Minister and Minister of Cooperation Amit Shah said that every time he visits Uttarakhand, he returns with a renewed sense of energy. The moment one sets foot in Uttarakhand, he is blessed by the deities residing in the Char Dham, the sacred rivers Ganga and Yamuna, and the saints who have kept the flame of spirituality alive in this land. Shah said that Uttarakhand is rightly called the "Dev Bhoomi" (Land of the Gods), because its mountain peaks elevate not just India but the entire world to spiritual heights. "The saints and sages residing here have, for thousands of years, worked to purify and uphold Indian culture flowing alongside the Ganga. At the same time, the rivers of Uttarakhand provide drinking water and irrigation to nearly half of India, sustaining life. He added that Uttarakhand offers a unique confluence of nature and culture," he further added. Amit Shah stated that during the 2023 Global Investors Summit held in Uttarakhand, when Chief Minister Pushkar Singh Dhami informed him that the state had received MoUs worth Rs 3.56 lakh crore, he had remarked that signing MoUs is not a major achievement--implementing them on the ground is the real challenge. Shah said that today, investments worth over Rs 1 lakh crore have become a reality in Uttarakhand. He noted that bringing investments to landlocked and hilly regions is as challenging as climbing a mountain. However, Chief Minister Pushkar Singh Dhami, despite all adverse circumstances and by breaking traditional perceptions, has successfully brought in investments exceeding Rs 1 lakh crore in the state. He added that along with these investments, more than 81,000 jobs have been created in Uttarakhand, as per the release. Additionally, it is estimated that ancillary industries will generate around 2.5 lakh new employment opportunities. Importantly, investment has reached even Tier 2 and Tier 3 cities. He emphasised that industrial growth in the state has been pursued while maintaining a balance with environmental sustainability. He also praised Chief Minister Shri Dhami for outlining a new roadmap for Uttarakhand's development, marked by transparency in policy, speed in implementation, and vision in planning. Shah said that when the people of Uttarakhand were fighting for a separate Uttarakhand state, the opposition party persecuted the agitators of Uttarakhand. He said that the work of making Uttarakhand a separate state was done by the then Prime Minister Atal Bihari Vajpayee. Atal ji created three states - Uttarakhand, Jharkhand and Chhattisgarh. These three states were formed and started moving forward in the path of development. "The icing on the cake was when Prime Minister Narendra Modi government came to power in 2014. Shah said that whatever Atal ji created, PM Modi worked to improve and enhance it. Now there is a double-engine government in Uttarakhand," he added. Amit Shah said that PM Modi has drawn the blueprint for the development of the entire country. Whether it is the development of infrastructure, bringing clarity in education policy, laying the foundation of industrial development of the country, or taking the economy forward, PM Modi has made many records in every field. He said that the Modi government has increased the length of national highways by 60 per cent in the last 10 years. Work has been done to build 8 lakh kilometer of new roads in rural areas. Convenient 'Vande Bharat' trains have reached 333 districts of the country. 45 thousand kilometers of railway lines have been electrified. 88 new airports have been built and inland waterway cargo has increased 11 times. "It is the result of these development works that Atal Ji had then brought the economy of this country to the 11th position, which PM Modi has upscaled it from the 11th to the 4th position in 10 years," he added. Shah said that we are going to become the world's third-largest economy in the year 2027. He stated that the speed at which development has taken place has led to a doubling of our exports in the service sector, and exports have increased by 76 per cent, resulting in our becoming the fastest-growing economy. Shah said that Prime Minister Narendra Modi has busted the myth that if infrastructure is built and industrial development takes place, the welfare of the poor gets affected. He said that the Modi government ensured food security by giving 5 kg of grains free of cost to 80 crore poor people of the country, by providing free treatment up to five lakh rupees to crores of people, and their expenses incurred on hospitalisation were waived off. For the first time after independence, tap water was provided to 16 crore houses, toilets were built in 12 crore houses, LPG cylinders were delivered to 13 crore houses, electricity was provided to 3 crore houses and four crore people were given houses. Along with this, work was also done to bring 25 crore people above the poverty line. Union Home Minister said that PM Modi has pledged to make India fully developed by 2047. It is not possible to build a developed India without a developed Uttarakhand. He said that until our small states progress, there cannot be uniform development in the country. Similarly, until the states of the eastern region progress, there cannot be uniform development in the country. Therefore, the Central Government has paid special attention to the development of small states and eastern states. Amit Shah said that as far as Uttarakhand is concerned, where one Jyotirlinga, two Shakti Peeths, four Dhams, Panch Prayag, Panch Kedar and Sapt Badri are situated, nobody can stop its development. He said that our government devised a policy that brought stability as per the needs of Uttarakhand, provided an environment that rolled out the red carpet for the industry and transparent governance, ensured good law and order, and provided such infrastructure so that tourists keep coming 24 hours a day and 365 days a year. The Union Home Minister said that PM Modi has left no stone unturned in providing facilities to Uttarakhand. He said that some activists were trying to stop the construction of all-weather roads to our four Dhams, but PM Modi, with great determination, filed the lawyers of the Government of India in the Supreme Court and has almost completed the work of providing all-weather roads to the four Dhams. "The day this work is completed, there will be a rush of tourists in Uttarakhand all year round. Shah said that the construction of a 12-km-long ropeway from Govind Ghat to Hemkund Sahib at a cost of Rs 2700 crore and the Sonprayag-Kedarnath ropeway at a cost of Rs 4000 crore will attract tourists from all over the world in the coming days. Many such roads are being built for the devotees, which will connect Delhi directly," he later said. Amit Shah said that due to stable policies, an environment for industrial investment was created in Uttarakhand. Tourism policy, start-up policy, film city policy, policy for the service sector and AYUSH policy were made. By making arrangements for getting all approvals through a single window, the Chief Minister has provided a lot of convenience to the industrialists. Shah said that Ayurveda, yoga, natural treatment and organic farming, these four are going to become the basis of development of Uttarakhand in the coming days. "Ayurveda, yoga, natural treatment and organic farming are a tradition here, there is a suitable environment for them and people also have faith in them. There is a possibility of attracting many times more investment and tourists in these four areas," he added in an official statement. He said that the international container depots built in the state will promote exports and logistics. Plug and play facilities are being developed in Haridwar, Dehradun,and Udham Singh Nagar. Many schemes have been brought for start-ups and the current government of the state has created an overall environment for development. Union Home Minister Amit Shah said that during the opposition party's government from 2004 to 2014, a total of 53 thousand crore rupees were given to Uttarakhand for devolution and grant-in-aid, while PM Modi gave about three and a half times more, i.e. one lakh 86 thousand crore rupees, from 2014 to 2024. Apart from this, 31 thousand crore rupees were given for roads, 40 thousand crore rupees for railways and 100 crore rupees for airports. He said that overall we have given four and a quarter times more money to Uttarakhand than the opposition party's government. He told the opposition that when the state develops, the practice of disrupting development should be stopped. When the state is progressing, it is the responsibility of every political party to support it. Amit Shah said that PM Modi has also linked heritage along with development. Our aim is to achieve the fastest development in the world without abandoning Indianness, Indian culture and Indian language.
Time of India
3 days ago
- Business
- Time of India
Shah: BJP gave U'khand 4 times more financial aid than Cong
Dehradun: Union home minister Amit Shah, addressing the Uttarakhand Nivesh Utsav 2025 in Rudrapur on Saturday, launched a scathing attack on Congress saying the BJP govt has provided four times more financial assistance to the state in comparison to the previous govt. "Through devolution and grant-in-aid, Congress gave Rs 53,000 crore to Uttarakhand from 2004 to 2014, whereas the Modi govt has given Rs 1.86 lakh crore to the Himalayan state from 2014 to 2024, which is 3.25 times more. Besides, we have also given Rs 31,000 crore for roads, Rs 40,000 crore for rail projects, and Rs 100 crore for the airport, making it four times more than the financial assistance provided by the Congress govt," Shah said. He added that the Congress had recently asked him on social media to list what the BJP had done for the state. "I very well knew that Congress would never tell what it has done for Uttarakhand. Therefore, I thought of sharing data of both the Congress and the BJP govt." The event also marked a celebration by the Dhami govt of investments worth Rs 1 lakh crore being grounded following the Global Investors Summit held in Dec 2023. Praising chief minister Pushkar Singh Dhami, Shah said the state's efforts had opened doors to 81,000 new jobs, with another 2.5 lakh expected through ancillary industries. "Bringing investment and business to the hills is far tougher compared to the plains. Therefore, I know that this achievement required a major effort," he said. Shah noted that industries were being set up not just in major cities but also in smaller urban centres. He also recalled telling Dhami at the end of the 2023 summit that signing MoUs was the easy part — grounding the Rs 3.56 lakh crore worth of proposals would be the real test. "The length of national highways has increased by 60% in ten years, with eight lakh km of roads constructed in rural areas during this period. The convenient Vande Bharat train has reached 333 districts. In ten years, 45,000 km of railway tracks have been electrified, 88 new airports have been built, and there has been an eleven-fold increase in inland waterway cargo," he said, adding, "By 2027, we are set to become the third-largest economy in the world. " Shah said Uttarakhand's development was key to fulfilling PM Modi's vision. "Our PM envisions a developed India by 2047, but achieving this goal is not possible without a developed Uttarakhand. For the holistic development of the country, the development of smaller states, including the northeastern states, is essential." CM Dhami said the occasion marked not just an economic milestone, but a broader vision for inclusive growth. "Today's celebration is not just about economic investment but also reflects inclusive development based on Uttarakhand's rich potential, entrepreneurial spirit, and public participation, which will lead the state to new heights of self-reliance and industrial prosperity." He added that out of MoUs worth over Rs 3.56 lakh crore signed during the 2023 summit, projects worth Rs 1 lakh crore had already been grounded. Shah also inaugurated and laid foundation stones for projects totalling Rs 1,342 crore — including 16 new projects worth Rs 1,263.5 crore and four completed ones worth Rs 79.34 crore. Among these were the district jail in Pithoragarh (Rs 34.49 crore), a government polytechnic in Champawat (Rs 18 crore), Haldwani's bus terminus (Rs 378 crore), and a drinking water supply system for Tanakpur (Rs 171 crore).
