Uttarakhand’s Chief Minister, Pushkar Singh Dhami, embarked on a journey to the United Arab Emirates (UAE) where he engaged with various industry leaders during a recent roadshow. During this productive visit, he signed Memorandums of Understanding (MoUs) valued at Rs 11,925 crore across diverse sectors including tourism, education, infrastructure, and real estate. These partnerships will culminate at the upcoming investors’ summit set to take place in Dehradun.
Notable MoUs included agreements of Rs 2,000 crore with Sir Biotech and Hyatt India, Rs 950 crore with Carmilla Nutrition Technology Group for pharmaceutical production, and Rs 800 crore with the GTC Group and Flow Conglomerate Group for investments in real estate, infrastructure, and tourism. Additionally, the state government secured MoUs of Rs 500 crore and Rs 700 crore for the manufacturing sector with Exley Group and an investment MoU of Rs 500 crore with Sharaf Logistics. Several others, such as My Perfumes (Aroma), The Bristol Hotel (Hospitality), Khamas Hospitality (Hospitality), Concept Brands (Retail stores), Arab and India Spices LLC (Spice Hub), Medi Q (Healthcare), Hart Travels (Hospitality), Nilgiri Trading LLC (Hospitality and Fisheries), TMC Shipping (Education), and Ramee Hotels (Hospitality), also committed substantial investments.
Addressing potential investors in Dubai, Dhami underscored the state’s investment-friendly environment and its commitment to infrastructure development. He highlighted the strengthening of bilateral relations between India and the UAE, with bilateral trade growing at an impressive rate of approximately 20 percent. Dhami also expressed interest in cooperating with Non-Resident Indians (NRIs) in the UAE, leveraging their expertise in smart city planning and sustainable models.
Following this, during a roadshow in Delhi, the Chief Minister signed additional MoUs worth Rs 19,385 crore with various institutions. The most significant of these was a Rs 15,000-crore agreement with JSW Neo Energy in the renewable energy sector. JSW Energy plans to establish two pumped storage projects with a combined capacity of 1,500 MW in Almora over the next six years. These projects are expected to provide drinking water and irrigation facilities, benefiting a large population and generating employment for around 1,000 individuals.
Dhami’s vision includes attracting corporate investors for projects in pump storage plants, cement, and sports units, training centers, drinking water initiatives, and the restoration and beautification of Kumaon temples, such as the Manaskhand Temple Mala, as part of their Corporate Social Responsibility (CSR) efforts.
Furthermore, Dhami announced the Uttarakhand Pumped Storage Project Policy, which provides significant incentives to developers and aims to promote the development of pumped storage projects in the state.
Additional MoUs were signed with the Radisson Group (Rs 4,385 crore) in the hospitality sector, Yatharth Hospital (Rs 800 crore) in healthcare, Oberoi Group (Rs 800 crore) in hospitality investment, SLMG (Rs 500 crore) in wellness, DS Group (Rs 500 crore) in food processing, and Dixon Technologies (Rs 250 crore) in electronics manufacturing.
Dhami also revealed Uttarakhand’s commitment to fulfilling Prime Minister Narendra Modi’s target of creating employment opportunities for 10 lakh people across the country within a year.
During his visit to Britain, the Chief Minister signed an investment MoU worth Rs 2,000 crore with Agar Technology, a company poised to invest in lithium battery plants. Additionally, an MoU valued at Rs 1,000 crore was signed with Fira Barcelona, a renowned firm specializing in convention centers and event management, demonstrating Uttarakhand’s determination to foster international partnerships and investment.
Note: Map Not to Scale
