PM Modi attends Rising Himachal Global Investors' Meet in Dharamshala

To attract investment and showcase employment opportunities in the state, a two-day Rising Himachal Global Investors' Meet has been organised in Dharamshala, which was attended by Prime Minister Narendra Modi along with Himachal Pradesh Governor Bandaru Dattatreya and Chief Minister Jai Ram Thakur. During the event, PM Modi asserted that every state has a prominent role in the nation's effort to become a 5 trillion dollar economy by the year 2025.

Dharamshala (Himachal Pradesh): Prime Minister Narendra Modi on Thursday attended an exhibition organised at the two-day Rising Himachal Global Investors' Meet. The meet kick-started on Thursday in Dharamshala to attract investment and showcase employment opportunities in the state.

Prime Minister Narendra Modi was also accompanied by Himachal Pradesh Governor Bandaru Dattatreya and Chief Minister Jai Ram Thakur during the event.

Ambassador of UAE to India Ahmed Albana, Union Minister Prahlad Singh Patel, Union Minister of State for Finance Anurag Thakur, Minister of Road Transport and Highways of India Nitin Gadkari and Minister of Railways of India Piyush Goyal also participated in the event.

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UAE is the partner nation for the Global Investors Meet in Dharamshala. Many noted industrialists and businessmen have also marked their attendance in the eight sessions of the meet. The meet has been attended by around 1710 business delegates and around 200 international delegates, including 23 from the Netherlands, six from the UAE, 11 from Russia, 28 from Vietnam, and 40 from Germany. Ambassadors of Oman, Vietnam, and Cambodia are also expected to take part in the Global Investors Meet.

During the meet, the state government will showcase the policy and regulatory environment and investment scope to boost manufacturing and employment opportunities.

Addressing the gathering Prime Minister Narendra Modi asserted that every state and district in the country has a prominent role in the nation's effort to become a five trillion-dollar economy by 2025.

"Every state and every district of the country has great potential and they will play a vital role in achieving the target," PM Modi said at the Rising Himachal Global Investors' Meet.

"Unlike in the past, the states are now competing with each other to attract investment. Himachal has a huge potential for investment in the fields of tourism, pharma and other sectors," he said in his 30-minute speech.

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"India is now among the top ten performers in Ease of Doing Business and has improved its rank by 79 points between 2014 and 2019," he added.

So far around 583 MoUs have been signed by the investors at Global Investors Meet. The state government has a target of inviting investments of up to Rs 82,000 crores.

In the tourism sector itself, 192 MoUs have been signed and investment of Rs 15 crore is expected to be generated. On the other hand, 15 MoUs have been signed-in the power sector, in which investment of Rs 27812 crore is expected. Also, 42 MoUs have been signed-in the housing sector attracting investments of Rs 12270 crore and 207 MoUs have been signed-in the industry sector.