Uttarakhand has emerged as a significant destination for investments in manufacturing industry, tourism and infrastructure.

Key Investors in Uttarakhand

Within the short span of its existence, Uttarakhand has emerged as a significant destination for investments in manufacturing industry, tourism and infrastructure.

Investor consortium to develop tourism hub in Uttarakhand

The Uttarakhand Tourism Development Board (UTDB), has tied up investments from the investor consortium comprising Asian Hotels Ltd – owners of Hyatt Regency Hotels in India; Chescor Capital, UK– investment boutique specialising in corporate and project finance in the Middle East and the Indian sub– continent and Fair - wood Consultants Private Ltd.

The project envisages Greenfield development of a tourism hub in the Kumaon hills on 325 hectares of land entailing investment in excess of USD 103 million by the private party.

Bharat Heavy Electricals Limited (BHEL)

BHEL is one of the leading power generation equipment manufacturers in the world.The company holds a capacity to produce 6000 MW of equipmentbigger than the Indian market. BHEL offers comprehensive service to its customers in Conventional and Non-Conventional Energy, Industry, Transportation, Telecommunicatio n and Oil sectors.

Century Textiles and Industries (CTIL)

B K Birla group flagship, Century Textiles and Industries has diversified itself into rayon yarn, tyre cord, minerals & chemicals, cement, pulp & paper and shipping from just a textile mill.The company located at Lalkua (Nainital district) has provided direct and indirect employment to the people of the surrounding areas.With a human resource base of around 2500 people, Century Pulp & Paper has brought in a favourable impact on the socio-economics of the region.The company has immensely contributed to the National Exchange and is adding to the quality of life and standard of living.

Surya

Surya set up its first factory for lighting products at Kashipur (in Nainital) in 1984.Today, Surya is India's second largest manufacturer of lighting products. Its steel tube manufacturing plant is one of the largest in Asia.The company maintains its leadership in the export of fluorescent tubes and has achieved high brand visibility in 45 countries across the globe. The state-of-the- art lighting plant was accorded the ISO 9002 certification in the 1980s at a time when the Indian industry was not familiar with such innovative concepts. Surya is the only lighting company with 100 per cent backward integration; it manufactures all its components.

India Glycols

India Glycols promoted by the Bhartias is presently the only producer that manufactures Mono Ethylene Glycol (MEG) using the non-petroleum route in the country.The company was the first to install an elaborate and efficient system for treating distillery spent wash to safeguard the environment. The company is based in the industrial Kashipur tehsil of Udham Singh Nagar district.

Eureka Forbes

Eureka Forbes- a joint venture between Forbes Gokak and Electrolux AB of Sweden was set up in 1982 to market health and hygiene products to Indian consumers.The state of Uttarakhand houses one of the three manufacturing facility of the company at Bhimtal.

Uttarakhand as Mahindra & Mahindra’s threewheeler manufacturing base

Mahindra & Mahindra Limited (M&M) is the flagship company of around USD 1653 million Mahindra Group, which has a significant presence in key sectors of the Indian economy. A consistently high performer, M&M is one of the most respected companies in the country.The company has, over the years, transformed itself into a Group that caters to the Indian and overseas markets with a presence in vehicles, farm equipment, information technology, trade and finance related services, and infrastructure development. M&M proposes to set up a three – wheeler manufacturing facility and ancillaries in the State.The proposed project would involve a capital outlay of USD 10.3 million and spread over 50 acres of land at Integrated Industrial Estate of BHEL, Haridwar.The company also has a satellite plant in the state at Rudraprayag.

Asahi to set up unit in Uttarakhand

Asahi India Glass, India’s largest glass manufacturer has decided to invest about USD 130.30 million to set up a manufacturing facility in the state. Asahi will be one of the biggest investors in the non-power sector in the state.

Uttarakhand to host Hero Honda’s manufacturing base

Hero Honda plans to invest USD 124 million in Uttarakhand for expanding manufacturing capacities and also diversifying into making scooters.The new plant, the source added, will have the flexibility to produce both motorcycles and scooters.The base is also expected to generate 1,500 jobs as part of this expansion and diversification.

Medicinal and Aromatic Plants Sector to Receive Significant Investment

Maharishi Ayurveda Products Ltd (MAPL) has decided to inject USD 15.23 million in the State.This would be State’s single biggest investment in medicinal and aromatic plants sector. MAPL has bought six acres at Haridwar Industrial Estate and intends to install capacity of 300 tonnes of tablets, 300 tonnes of powder, 400 tonnes of paste and 500 tonnes of syrup at this project.

Uttarakhand to receive USD 57.65 million investment to promote bamboo plantation

The Delhi-based Eland International Private Ltd. has signed a pact with the State Government to provide plantation material to ‘panchayats’ and motivate people to grow bamboo.The company would invest USD 57.65 million to promote plantation of bamboo and its products in the State.This is a buy-back agreement, which will involve private and public participation for plantation of 1,50,000 acres of bamboo.

IT Park to promote IT and ITES in Uttarakhand

A dedicated IT Park is coming up in the capital city of Dehradun over 40 acres of land area.The park will host large number of ITES, software companies.Apart from boosting demand drivers of the state economy the presence of the IT Park is expected to enhance commercial real estate demand in the State.

Promoting Private Industrial Estate in Uttarakhand

State Industrial Development Corporation of Uttarakhand Ltd. and Purshotam Industrial Estate (P) Ltd has signed a MOU for promoting private industrial estate in Roorkee. Purshotam Industrial Estate (P) Ltd is planning to set up an Industrial Estate over 60 acres of land in Roorkee for developing and setting up of industries by individuals, corporate, etc. SIDCUL will act as a facilitator to Purshotam Industrial Estate (P) Ltd in the proposed Industrial Estate Development Project, which will be set up on Build, Own and Operate basis.

Atlas Cycle Limited takes up USD 6.53 million project

Atlas Cycle Haryana Limited booked 10 acres of industrial plot in BHEL Industrial Estate for a project on cycle and axillaries with an investment of over USD 6.53 million.

Uttarakhand as one of the biggest manufacturing facility base of air conditioners LG Electronics India Private Limited has set up a world class and one of the biggest manufacturing facility for producing window split and commercial air conditioners, in Sela Qui, Dehradun, with a total investment of USD 2.18 million.The company expects to manufacture around three lakh units in 2004.While the total turnover is expected to be of USD 87 million, 500 local people have been employed in them.

Britannia to set up Greenfield project in Uttarakhand

Britannia Industries Ltd is in the process of setting up a Greenfield project in the State.The project cost is estimated to be USD 12 million and will help it augment the biscuits capacity.

Source: www.ibef.org