‘India Will Be $5 Trillion Economy By End Of 2025’: Amit Shah At U'khand Global Investors Summit 2023

Union Home Minister Amit Shah highlighted Uttarakhand's potential to set an example for eco-friendly industrial development while stressing that India will become a $5 trillion economy by the end of 2025.

Union Home Minister Amit Shah, attending the closing ceremony of Uttarakhand Global Investors Summit 2023 on Saturday, congratulated the state government for exceeding the investment target and emphasised the state's progress under Prime Minister Narendra Modi's leadership at the Centre. He highlighted Uttarakhand's potential to set an example for eco-friendly industrial development while stressing that India will become a $5 trillion economy by the end of 2025.

The summit, marked by the signing of agreements worth more than Rs 3.5 lakh crore, surpassed the initial target of Rs 2 lakh crore. Shah commended the efforts of the Uttarakhand government and Chief Minister Pushkar Singh Dhami for making this summit a success.

"This is the beginning of exploring the infinite possibilities of the new Uttarakhand. This will become a strong example in front of the entire world as to how Uttarakhand can be connected with the industry in an eco-friendly manner," stated Shah.

Amit Shah acknowledged the transformation in Uttarakhand since its creation by Atal Bihari Vajpayee and noted that Prime Minister Modi has further improved the state's development trajectory. He praised the state's initiatives, including the Chardham Yatra system, infrastructure development, and plans for border areas. Shah commended the state's policy-driven approach and transparent governance.

Shah also highlighted India's progress under Prime Minister Modi's leadership in the last decade, with 13.5 crore people lifted out of poverty, doubled per capita income, and increased unicorn startups. 

"In these years, 13.5 crore people have come out of the poverty line. Per capita income has doubled. The number of unicorn startups has multiplied. The way India organised the G-20 was appreciated all over the world. The Delhi Declaration of the G-20 will hoist India's flag in the field of diplomacy. By 2047, the Prime Minister has set a target to make the country developed and best in every field. Today the whole world is looking towards India," he said.

"Under the leadership of PM Modi, India will become a 5 trillion dollar economy by the end of 2025. In the 75 years of India's independence, our economy has never taken such a big leap forward, like it has between 2014 and 2023," he remarked.

Chief Minister Dhami, in his welcome address, expressed gratitude to Amit Shah and Prime Minister Narendra Modi for their support, especially during the successful evacuation of 41 workers from the Silkyara Tunnel in Uttarkashi. The chief minister highlighted the state's progress under the leadership of PM Modi, focusing on various sectors, including agriculture, logistics, pharma, and electronics manufacturing.

Chief Secretary Dr. S.S. Sandhu outlined the state's achievements, including the creation of 30 new policies in the last six months, a 6000-acre land bank, affordable electricity rates for industries, improved connectivity with NCR, and a favorable law and order situation. Various industry leaders, including Ashish Kumar Chauhan, MD of the National Stock Exchange, and representatives from Mother Dairy, Rasna, and Jubilant Generics Ltd., also shared their perspectives.

‘This Is India's Time’: PM Modi At Uttarakhand Global Investors Summit 2023

Prime Minister Narendra Modi inaugurated the 'Uttarakhand Global Investors Summit 2023' at the Forest Research Institute, Dehradun, on Friday. During the inauguration, PM Modi recalled his earlier statement about the third decade of the century being the decade of Uttarakhand and commended the state government for the successful rescue project at the Silkiyara tunnel.

The Prime Minister launched the book 'Sashakt Uttarakhand' and unveiled the brand 'House of Himalayas.' The theme for the summit is 'Peace to Prosperity.' "Uttarakhand is a state where we experience both divinity and development together," he remarked.

PM Modi, addressing the gathering, drew parallels between multinational companies' SWOT analyses and the analysis that should be conducted on India. He emphasised that such an analysis would reveal an abundance of aspirations, hope, self-confidence, innovation, and opportunities. He also remarked, "Aspirational India desires a stable government rather than instability."

The Prime Minister emphasised the synergy between the "double-engine government" of Uttarakhand and the Centre as he outlined the ongoing and upcoming projects in the state, including improvements in air and rail connectivity, which create opportunities in various sectors such as agriculture, industry, logistics, storage, tourism, and hospitality.

PM Modi shed light on the flourishing tourism sector in Uttarakhand, positioning it as a destination for global tourists. He urged investors to prioritise sectors such as Yoga, Ayurveda, Teertha, and adventure sports.

In a novel initiative, he called for a 'Wed in India' movement, urging the rich, affluent, and youth of the country to organise marriage ceremonies in Uttarakhand.

The Prime Minister announced his resolve to create two crore Lakhpati Didis (prosperous sisters) through the Lakhpati Didi Abhiyan, linking it with the launch of the House of Himalayas brand. He urged investors to explore global markets for local products, emphasising the need for zero-defect, zero-impact manufacturing.

PM Modi closed his address by declaring that India is on the cusp of becoming the third-largest economy globally, crediting this to stable governance, supportive policies, a reform and transform mindset, and confidence in development. He appealed to investors to participate in Uttarakhand's development journey, stating, "This is the time, the right time. This is India's time."

Chief Minister Pushkar Singh Dhami expressed his gratitude to PM Modi for his leadership, underscoring the commitment to Uttarakhand's development. The Chief Minister outlined the state's progress, policies, and the welcoming environment for investors.

Industry leaders, including Pranav Adani (Director, Adani Group), Sajjan Jindal (Chairman and Managing Director, JSW), Sanjiv Puri (Managing Director, ITC), Baba Ramdev (Founder, Patanjali), and others, shared their views and future plans for investment in Uttarakhand. They praised the Prime Minister's leadership and the state's attractiveness for private sector investment.