ASSOCHAM for Investment monitoring task force for U’khand

ASSOCHAM for Investment monitoring task

Jai Kumar



Apex industry body, ASSOCHAM has urged Uttarakhand government to urgently set up a special ‘investment monitoring task force,’ to ensure timely and effective implementation of live investment projects worth over Rs two lakh crore attracted by the state from global and domestic private and public sources as of financial year 2017 to create around 30,000 direct jobs in next five years.

“Speeding up implementation of projects through target setting must be the mandate and chief minister should immediately constitute committee of senior ministers and bureaucrats to oversee pace of projects’ implementation and address environmental, land acquisition and other related issues proactively to balance interests of all stakeholders,” said ASSOCHAM’s secretary general, D.S. Rawat while addressing a press conference in Dehradun on Saturday.

“State should accord more importance to implementing investment intentions as even if about half of these get implemented it would help create thousands of direct and indirect jobs across the state during the course of next five years,” said Rawat while releasing the just-concluded ASSOCHAM study titled, ‘Uttarakhand: Economic Growth and Investment Performance Analysis.’

“The Uttarakhand government must focus on up skilling its people thereby making them more employable as that would help deal with challenges of growing migration of people to greener pastures in search of jobs and will also help in attracting investors by portraying abundant skilled workforce availability,” he added.

He further stated that state’s future success also lies in unlocking potential of abundant natural resources but going ahead it will have to deal with factors like land scarcity, growing man-animal conflicts, physical connectivity and others.