Agreements worth over Rs 3.5 lakh crore inked at Uttarakhand investors' summit: Amit Shah

Union Home Minister Amit Shah addressing the concluding session of the Uttarakhand Global Investors Summit

The Uttarakhand Global Investors Summit drew investments worth more than Rs 3.5 lakh crore, surpassing the state government's target of Rs 2 lakh crore, Union Home Minister Amit Shah said on December 9.

Shah, who was addressing the valedictory session of the two-day summit in Dehradun, said he thought it was impossible when Chief Minister Pushkar Singh Dhami informed him about the target to draw investments of Rs 2 lakh crore through the summit.

"Against the target of agreements worth Rs 2 lakh crore, agreements worth more than Rs 3.5 lakh crore have been signed in the state," the senior Bhartiya Janata Party (BJP) leader said.

Shah appealed the investor community to further explore the potential of investments in the state, describing it as one of the country's most peaceful provinces. Uttarakhand's close proximity to capital Delhi gives investors a major advantage, he said, according to news agency PTI.

Also Read: PM Modi asks investors to explore limitless potential of Uttarakhand

The home minister recalled the role of late former prime minister Atal Bihari Vajpayee in the creation of Uttarakhand, and credited Prime Minister Narendra Modi for its further development.

"The two-day summit marks the beginning of many new things for Uttarakhand. After two decades of Uttarakhand's creation, I can say with confidence that Atal ji created it and Modi ji is building it," he was quoted as saying.

Shah, during his address, also noted that India would become a $5 trillion economy by the end of 2025. "The world is looking to India with hope today. Between 2014 and 2023, India has risen from its position as the 11th to the fifth economy in the world. Never before did the country make so big a leap during 75 years of Independence," he added.

The country's per capita income has doubled in the last ten years, Shah said, adding that 13 and a half crore people have come out of poverty across the country during the period.

"The IMF described India as a bright spot in a dark zone. Morgan Stanley said by 2027, India will emerge as the third-largest economy in the world, forging ahead of Japan and Germany. These are good signs. India's time has arrived," he further noted.

With PTI inputs