The state of Uttarakhand has been able to attract investment resulting in MoUs (Memorandum of Understanding) worth Rs 23,000 cr, the state, Chief Minister Trivendra Singh Rawat. He was speaking to Zee Business Managing Editor Anil Singhvi today.

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The Chief Minister was responding to a question by the Singhvi on what opportunities there were in the state for industries to come and set up base. Singhvi also asked what was there for the capital markets and which sectors could thrive in the hill state.

Watch full interview with Uttarakhand CM Trivendra Singh Rawat below:

In the last 17 years the total investment received by the state has been over Rs 39 lakh cr, the CM explained. He added that this was despite various subsidies available to the state along with the industrial package given by late Prime Minister Atal Bihari Vajpayee. 

Rawat became the Chief Minister of Uttarakhand in 2017.  

On opportunities for corporates to come and set up units in the state, Rawat said that the industries can be set up easily in the plains. The government has also developed a policy on defence which the CM referred to as the Defence Equipment Policy. The government also sent a team to Georgia to study the possibilities on this, he further said.

The work on this has already begun, he added.

Rawat also said that the state has made an industrial policy where decisions on five key aspects have been taken. Special focus is being given to traditional businesses by the government, he said. The state has also been developing clusters for different types of industries, he further said.

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The CM also answered questions on other issues like reverse migration and how the state will regain the lost ground once the coronavirus restriction are lifted.