REPORT ON CII (Confederation of Indian Industry) - INVEST NORTH

Under the CII conference discussion was done regarding INVEST NORTH. In the conference certain points were discussed. The northern region is among the largest regions in India comprising eight states — Jammu & Kashmir, Himachal Pradesh, Punjab, Uttarakhand, Haryana, Delhi, Rajasthan and Uttar Pradesh and UT Chandigarh. The Northern region has consistently outperformed India’s national average in terms of GDP, with the region accounting for approximately 26 per cent of national GDP. However, sustaining this growth rate will require greater investments, continuous support of the government, and expansion of infrastructure, accessibility to educated professionals and access to skilled labour.

The inaugural ceremony of CII Invest North started by the Ms Rumjhum Chatterjee, chairperson, CII Northern Region and Group Managing Director Feedback Infra Pvt limited. In the inaugural session there was information related to the certain website given which is mycii.in. This website is for the Business leads and provides financial supervision; provide online program and many other useful things. After this the CEO of KPMG India Mr. Richard Rekhy talk about the Compendium of opportunities in Northern states’ report, CII along with KPMG present an overview of the Northern region and summarize the advantages of investing and doing business across the respective states. Identified within this report, are the unique combination of complementary strengths of high economic growth rate, abundance of natural resources, growing infrastructure, rising consumer demand and continuous government support.

After this there was a release of CII Investment Climate by the Hon’ble Minister of State and launch of Coffee table book on Uttarakhand by the Hon’ble Chief Minister, Government of Uttarakhand.  After the inaugural ceremony the special state plenary was addressed by the Mr. Viren Popli Cheif operating officer Mahindra and Mahindra who give the welcome remark.

Under this there was a presentation on Investment Climate, Policies and Investment Opportunities in the State which was Given by Mr. Anirudh Tewari Principal Secretary Industries and Commerce and non – conventional energy and Chief Executive officer Punjab Bureau of Investment Promotion Government Of Punjab. Under this discussed the following points

Punjab was originally known to be an agrarian economy, however the manufacturing and service sectors have gradually increased their contribution over the years. The state shares its border with Jammu and Kashmir to the north, Himachal Pradesh to the northeast, Haryana to the south, Rajasthan to the southwest and Pakistan to the west.

Following the main points were discussed throughout two days.

Punjab

• Hub for textile, light engineering goods, IT and ITeS and Automotive industries.

• New industrial policy to boost industrial growth.

• Rich and productive agro base ideal for agro & food processing industries.

Chandigarh

• Ideal for consumption based industries retail with per capita income of Rs. 140,073.

• Has emerged as leading IT & ITeS and Financial service base.

• Chandigarh- The City beautiful is a major tourism hub.

• Asia's largest Fastener hub.

Rajasthan

• Favorable for Mineral based industries, renewable energy & petrochemicals.

• Tourism destinations with rich culture and historical background.

• Proposed Western Dedicated Freight Corridor and DMIC.

Uttarakhand

• Highest growth rate in secondary sector at 23.8% CAGR lead by manufacturing.

• Hub of Pharma, automotive and engineering goods.

• Rich hydro power potential of 25,000 MW.

• Rich flora and fauna-base for tourism, horticulture & floriculture.

Jammu & Kashmir

• Picturesque tourism destinations.

• Huge potential in Horticulture, Sericulture, Floriculture & fruit processing.

• Significant potential in Food Processing, IT/ITES, Electronics Manufacturing.

• Rich hydro power potential of 20,000 MW.

Himachal Pradesh

• Baddi, Barotiwala and Nalagarh- one of the leading industrial regions.

• Rich hydro power potential of 25,000 MW.

• Rich flora and fauna- base for tourism, horticulture & floriculture.

Delhi

• Per Capita Income of Rs. 175,812- ideal for retail and tourism.

• Hub of education, healthcare and skill Development.

• World class Airport, roads & rails.

Haryana

• Robust Industrial Areas & Estate and Model Industrial towns.

• Gurgaon- Hub of IT & ITeS, BPO, Financial Services, engineering & Automotive.

Uttar Pradesh

• Home to 16.5% of India's population, huge potential for consumption based industries.

• Skilled, Semi-skilled and unskilled workforce.

• IT & ITeS, Agro & Food Processing, Tourism, Mineral based industries, Textile, Sugar etc.

After this there was a interaction session and the CII conference end with the vote thanks which was given by Mr. Naveen Munjal Managing Director Hero Cycles.