Showcase Uttarakhand’s potential to attract foreign investment

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    Uttarakhand Governor K K Paul today asked Indian diplomats in Nepal, Thailand and Madagascar to effectively project the state’s immense potential in tourism and micro-hydel sectors to help bring foreign investment.

    Indian Ambassador to Nepal Ranjit Ray, Ambassador to Thailand Bhagwant Singh Bishnoi and Ambassador to Madagascar Chandra Ballabh Thapliyal called on Paul today in course of their three-day special mission to the state.

    At a meeting, Paul said if Uttarakhand’s immense potential in tourism and micro hydro-electricity sectors was effectively projected and showcased abroad it could attract substantial foreign investment to the hill state, an official statement here said.

    Paul said there was a 325-km highway from Tughlaqabad Dry Port (Delhi) to Banbasa which was the border area of Uttarakhand touching Nepal’s western border and just 30 km from Mahendranagar, the industrial trade centre of Nepal.

    The highway joining Tughlaqabad and Uttarakhand could be beneficial in Indo-Nepal trade activities, Paul was quoted as saying in a statement.

    During the discussion on promoting trade between Uttarakhand and western Nepal, Ray said work on strengthening the Sharda river Barrage which has become old is underway in accordance with an agreement between the two countries.

    Paul also spoke about the “great” scope in Uttarakhand for herbal spas to Bishnoi who expressed Thailand’s keenness in investing in pharmaceutical industry in Uttarakhand.

    Source : BS