PM Modi inaugurates Investors Summit in Dehradun

Prime Minister Narendra Modi inaugurated the maiden Uttarakhand Investors Summit in Dehradun, on Sunday. Leading business firms and industrial houses participated in the two-day event that aims to explore investment opportunities in the hill state in 12 major sectors.

Speaking on the occasion, PM Modi said that India is going through a major social and economic change and the resultant New India will prove to be a catalyst for global development. “India is witnessing rapid economic and social changes. The country is going through a big transformation. We are marching towards a New India,” he said.

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Taking further about business in India, PM said that doing business has become easier due to Insolvency & Bankruptcy Code. “We have improved the tax system in the country. We are trying to make the tax system more swift & transparent. Doing business has become easier due to Insolvency and  Bankruptcy Code. The banking system has also got strengthened,” he added.

The two-day event will conclude on Monday with Home Minister Rajnath Singh addressing it on the second day.

Speaking on Uttarakhand the Prime Minister said now in Uttarakhand any MSME loan upto 1 crore will be sanctioned fast. Prime Minister said Tourism in Uttarakhand has now got an industry status. He said 13 Districts in the state have been developed as New Destination. “Be it nature, adventure, culture, yoga or meditation, Uttarakhand tourism is a complete package and an ideal destination,” he added.

Prior to the summit, Chief Minister Trivendra Rawat has informed that MoUs worth Rs 70,000 crore had already been signed.

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