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ASSOCHAM (Associated Chambers of Commerce and Industry of India) on Thursday urged the Uttarakhand government to accelerate upgrading of infrastructure so that the state can emerge as a major tourism and investment destination in the country with the development of sectors such as agriculture and food processing.
The state economy has been growing at an annual rate of 8.7 per cent since 2000-01. With 292 live investment projects worth Rs 99,564 crore, it ranks as one of north India’s lucrative investment destination, said ASSOCHAM in a study titled Strategy to Sustain Growth Momentum in Uttarakhand.
“There is enormous potential for Uttarakhand to grow at a much faster rate,” according to the study released by chairman of the chamber’s Northern Regional Development Council Lalit Khaitan and secretary-general D S Rawat.
Uttarakhand’s agriculture sector has recorded nearly seven per cent growth since its inception. There is ample scope for floriculture, sericulture, horticulture, livestock, poultry and fisheries to grow, it said.
The state government must facilitate contract farming by attracting investments from the private sector. Irrigation systems can be improved by employing modern technologies which are a must to boost productivity.
Special economic zones (SEZs) can be created with organic farms for herbal and medicinal plantation. A definite roadmap needs to be drafted to improve storage facilities, transport infrastructure and marketing network so that food processing industries can develop value-added products for domestic and foreign markets
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