More than 600 Memoranda of Understandings, worth over 92,000 crore have been signed during the Himachal Pradesh Global Investors Meet 2019 which was recently held in Dharamshala. The state government had set the target of 85,000 crore, which was easily crossed.
Jai Ram Thakur, the chief minister of Himachal Pradesh expressed his content and said that we made an effort and today we organized this program.” He further added, “When all states are changing their policies to attract private players and are focusing on ease of doing business, we thought why Himachal Pradesh should lag behind.”
According to the CM, the state’s pristine beauty, clean and peaceful environment, cultural diversity, etc. are some of the reasons contributing to people visiting HP in a large number. He aspires to make the state a hub of global tourism destination.
Prime Minister Narendra Modi also addressed the summit and praised the state government for giving Himachal Pradesh a right business opportunity. He also thanked investors for opting to invest in India.
The key areas of investment are health, tourism, education, Ayush, Information Technology, etc. These MoUs will help to ensure projects are started at the earliest. Government has promised to give easy clearances and approvals by concerned departments for various projects.
Himachal Pradesh is a beautiful Indian state with a huge amount of resources. Due to its geographical locations in the mountains and many other factors, it has been away from major investments. The investors meet was of extreme importance if the state needs to prosper financially.
Various business pundits believe the meet was inspired by Vibrant Gujarat, the business investment meet in the state of Gujarat. With the success of the event, many states have started organizing similar summits to attract investments.