Senior Government officials interact with PHDCCI for suggestive measure to enhance growth of Uttarakhand states’ economic index.

No. PR- 226

February 25, 2022

New Delhi

Senior Government officials interact with PHDCCI for suggestive measure to enhance growth of Uttarakhand states’ economic index.

Too promote Ease of Doing Business and enhance the growth of Industry in Uttarakhand State, Shri Hari Chandra Semwal, IAS, Secretary, Woman and Child Development, Government of Uttarakhand interact with the PHDCCI delegation led by Mr Pradeep Multani, President, PHDCCI and consisting of Mr Hemant Kocchar, Chair – Uttarakhand Chapter, PHDCCI and Dr Yogesh Srivastav, Assistant Secretary General, PHDCCI, among others met the policy makers and the industry stakeholers over an interactive session on 24th February 2022 at 1.00 p.m. at Hotel Madhuban, Dehradun, Uttarakhand

Shri Hari Chandra Semwal, IAS, Secretary, Woman and Child Development, Government of Uttarakhand –The Chief guest Appreciated the efforts and suggestions of PHDCCI and assured to put the same in the new cabinet. Also suggested that PHDCCI should join hands with the women empowerment and Child development department to strengthen the growth of the sector.

Appreciating the Government of Uttarakhand for its commendable work in form of significant reforms measures and policy making, Mr Pradeep Multani, President, PHDCCI, suggested that Ease of doing business in the country & reducing the cost of doing business will attract the large chunk of foreign investments, boosting industrial activities and creating tremendous employment opportunities for the growing work force in the State. The reform & measures would go a long way to help economy to sooner than later reach its potential growth trajectory and be a USD 5 Trillion Economy by 2024, added Mr Multani. putting across few significant recommendation to the policy makers present at the session, Mr Multani suggested that the government must promote single window/ maximum 5 window government clearance across all sectors, abolishing the age old Inspector Raj, one time registration of industry and trade, efficient and speedy justice system and Production linked Incentive of 20 Percent to give Indian industry a level playing field with China, among others. Acknowledging the government for reducing procedural and transparent and hassle free communication between Government departments Mr Multani further suggested that the cost aspect of some of the parameters still needs to be relaxed further and the Government should focus on reducing the cost of doing business, including Cost of Capital, Cost of Power/ energy, Cost of Land and Availability of Land, Cost of Logistics, cost of Labor, Cost of Compliances. Uttarakhand Vision 2030 prepared by the government of Uttarakhand identified high value agri-business based livelihoods, tourism, green energy, eco- services and forestry as major drivers of employment and economic growth, this can be put into action, suggested Mr Multani. Forward and backward linkages for skill development with industry cooperation. Uttarakhand is the Hub of Pharmaceutical, Herbal products and is the YOGA CAPITAL OF THE WORLD – large scale skilling opportunities exist in these sectors. Massive skilling opportunities in services related to Ayurveda, Naturopathy, Beekeeping and Sericulture, added Mr He expressed his concerns over the challenges faced by the AYUSH sector in Uttarakhand State like that of Lack of Branding of the State as an AYUSH Hub, Multiple Regulatory Authorities, Lack of Quality raw material, availability of skilled Manpower and Industry Association. Suggesting on strengthening the same Mr Multani suggested the government to aid in developing of Uttarakhand as a spiritual Hub, A manufacturing Hub for AYUSH manufacturing with AYUSH parks through single window facility, making Uttarakhand as a COE (centre of excellence) for AYUSH, develop as a raw material sourcing Hub for AYUSH Industry in India and overseas.

Mr. Hemant Kochhar, Chair, Uttarakhand Chapter, PHDCCI, deliberated on the opportunities galore available at the land of Gods, Uttarakhand and stated tourism is one of the fastest growing industries in Uttarakhand and the Delhi-Dehradun Economic Corridor will be a game changer, however, the state has to improve its growth rates both in domestic and foreign tourist visits if it has to retain its share. Mr Kochhar stated that there is a major scope of development in the areas of Sustainable Tourism, Heli Tourism, Border Tourism, Religious Tourism, Wellness Tourism, Adventure Tourism and Film Tourism and assured the government for PHDCCI’s unending support in promoting all the niche segments of the State tourism which will significantly enhance the States’ economic growth index.

Shri Deepankar Mahajan, Director, Cover You Insurance, Shri Samson Prakash, Co – Chair, Start UP Committee, Uttarakhand Chapter, PHDCCI, Dr. Yogesh Srivastav, Assistant Secretary General, PHDCCI, and Dr Babita Singh, Director, Agri & Food Processing Committee, PHDCCI, also deliberated at the interactive session.

The Event was sponsored by PHDCCI’s Annual Sponsors – Multani Pharmaceuticals Ltd; Star Wire; PG Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interio; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer &Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.


Warm Regards,

Media Division

PHD Chamber of Commerce and Industry