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CII to showcase North’s investment potential & projects at Invest North on 24 - 25 July
Jul 18, 2014

18 July 2014, New Delhi : Confederation of Indian Industry (CII) is all set to unfold the 3rd edition of its mega flagship conclave - ‘Invest North’ to revive investments in the eight states & UT of northern India. This is the first mega conclave targeted to attract investments since the formation of new government. 

“Scheduled on 24 – 25 July 2014 at Hotel JW Marriott, Aerocity, near IGI Airport, New Delhi, CII Invest North conclave would attract both domestic and overseas investors like the previous two editions. The conclave gains prominence as attracting investments is on top of the agenda of Modi Government as also all northern state governments”, said a CII release. 

According to CII, some of the key potential sectors for investment in northern states are Infrastructure, Manufacturing, Agro-Processing, Aerospace, Healthcare, Auto & Auto Components, Tourism Renewable Energy, Defence Production, Engineering, R&D, Power, Textiles, IT & ITES. 

“Given the GoI’s thrust on the manufacturing sector because of its employment generating nature, coupled with the proposed Delhi Mumbai Industrial Corridor (DMIC), Eastern and Western Dedicated Freight Corridors, this sector can also play a critical role in shaping the investment landscape of the region. In addition, based upon the success of Project Monitoring Group (PMG) at the Government of India level, northern states are also setting up the same which needs to be showcased proactively. Hence Invest North 2014”, further added the CII release.

Mr Malvinder Mohan Singh, Chairman, CII Invest North 2014 and Executive Chairman, Fortis Healthcare Ltd, shared that “Invest North 2014 will carry forward the agenda of the last two editions to explore sector specific opportunities, showcase north's vast investment opportunities and potential, enhance investment climate and attract investments in the six northern states – Delhi, Uttar Pradesh, Uttarakhand, Haryana, Punjab and Rajasthan. Overseas Indian Facilitation Centre (OIFC), a body jointly promoted by Ministry of Overseas Indian Affairs and CII is the Institutional Partner. We have also approached DIPP to participate as Partner Ministry”.

Specifically talking about key sectors of significance across north, he highlighted that “While Delhi offers world-class physical infrastructure and connectivity and can be a services hub; Punjab, Haryana and Uttar Pradesh are major contributors in agriculture, food processing and manufacturing; Himalayan states of Jammu & Kashmir, Himachal Pradesh and Uttarakhand have abundant water resources and picturesque locations ideal for tourism industry. Rajasthan is a mineral rich state and is also one of the leading tourist destinations in the country. 

“Key Projects to be showcased in Invest North 2014 include 7 Industrial townships across DMIC which could be a US $110 Billion opportunitySmart Cities project, Industrial Labour Housing projects, Sector Specific Clusters/Parks, Healthcare, Tourism Circuits, Bus Rapid Transit Systems, Integrated Townships/ Industrial Parks, Dry Ports, Exhibition & Convention Centers, Road Projects, Knowledge Cities, Food / Agro Parks, Projects in Solar energy, Ceramic & Glass, Textiles, Urban Infrastructure Including logistics & Transport and Healthcare” informed Mr Singh.

"The northern states are keen to seek fresh investments and forge new partnerships that would enable them to further leverage their growth potential and regain their competitiveness”, he emphasised.

“Invest North will have dedicated state sessions, to be addressed by respective Chief Ministers or Industry Ministers in addition to a brainstorming session on Ease of Doing Business with specific reference to Northern States where Chief Secretaries of the Northern States along with Secretary – DIPP would participate. A Special Plenary of the key Union Ministers is also proposed to share some of Industry’s concerns impacting the competitiveness of the region for their necessary intervention”, further highlighted Mr Singh.

Mr Zubin Irani, Chairman, CII Northern Region and President Building & Industrial Systems (India), United Technologies Corporation, shared that “The high point of the event is its timing as today, the whole world is looking towards India with new hopes. The key highlight will be will be one-to-one meetings, i.e. Business to Governement (B2G) and Business to Business (B2B) meetings to help industry engage with state and central governments, explore business opportunities and forge new partnerships”.

“Governments of Haryana, Delhi, Rajasthan, Punjab, Uttar Pradesh and Uttarakhand have confirmed their participation. As far as international participation is concerned, CII is reaching out to countries through their embassies / high commissions and investment facilitation agencies of other countries. US India Business Council (USIBC), Hong Kong Trade Development Council, Indo-Canadian Business Chamber (ICBC), KOTRA, American Chamber of Commerce in India, India Bangladesh Chamber of Commerce & Industry (IBCCI) have confirmed as Overseas Institution Partners. Business delegations from various countries like Germany, Korea, Japan, China, UK, Singapore, Bangladesh, African Union and Turkey are also expected”, informed Mr Irani. 

‘CII Invest North’ would be a platform for northern states to strengthen business and industry in this region by showcasing their key incentivesbest practices, upcoming projects and pro – industry policy initiatives. There is a vast untapped potential in north, which is clear from the fact that western India has been getting 50% of the total FDI in India. Invest North aims to address some of the limiting factors, enhance ease of doing business, share best practices and portray north as a preferred investment location with a large market base and significant resources, backed by conducive investment policies”, shared Mr Richard Rekhy, Co Chairman, CII Invest North & CEO, KPMG India.

“As part of the knowledge resources, a ‘Compendium capturing the Investment Opportunities in Northern States’, report on ‘Ease of Doing Business in Northern States’ and another report on ‘Social Indicators & Best Practices’ will also be released. The objective of these reports is to capture the finest practices and encourage other states to adopt these”, highlighted Mr Shreekant Somany, Deputy Chairman, CII NR & CMD, Somany Ceramics Ltd.

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