₹1.01 Lakh Crore Investment Grounded Since Global Investors Summit 2023, Says Industries Secretary Vinay Shankar Pandey
Secretary Industries Vinay Shankar Pandey Dismisses Misleading Reports on Global Investors Summit, Says Investment Worth Over ₹1.01 Lakh Crore Has Been Grounded, Complete Data in Public Domain Questioning investments by small entrepreneurs is an insult to their hard work and contribution to employment generation: Secretary Industries Preparations underway to ground the next tranche of investments…
Uttarakhand's Secretary Industries, Vinay Shankar Pandey, has refuted claims suggesting that a massive investment of over ₹1.01 lakh crore was grounded following the Global Investors Summit 2023. According to Pandey, all project details are publicly accessible, and the government is committed to translating investment proposals into reality.
The state's geographical conditions, with nearly 70% forested land, have influenced the formulation of industrial policies to balance ecology and economy while generating employment. During the summit, approximately ₹3.56 lakh crore worth of Memoranda of Understanding (MoUs) were signed. The government has also introduced Nivesh Mitras to assist investors and maintain transparent records of projects.
Pandey strongly objected to criticisms directed at small enterprises and local investors, stating that each investment contributes significantly to the state's economy and employment generation, irrespective of its monetary value. The government's priorities include supporting entrepreneurs of all sizes and promoting small industries and local employment opportunities. Upcoming investment plans, including a ₹24,000 crore tranche, are currently in the pipeline.
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