State’s first service sector policy approved by Uttarakhand cabinet

The state cabinet meeting was held at the state secretariat on Tuesday. During this, the Cabinet approved the first service sector policy of Uttarakhand to attract investors from the country and the world to invest in the health and education sector. At the same time, pump storage policy has also been approved.

Other decisions of cabinet on 12 September

Highlights of Uttarakhand Service Sector policy

Certain decisions have also been taken regarding Uttarakhand Service Sector Policy-2023 under the Industrial Development Department. Under this, Uttarakhand Government has launched Uttarakhand Service Sector Policy to promote the service sector in the areas of health care, wellness and traditional medicine, education, film and media, sports, ITES, data center, skill development. 2023 has been brought. The promulgation of the said policy will give a boost to the service sector in the economy of the state. Under the policy, the service economy (except tourism) is expected to grow to USD 27 billion by 2030, and contribute at least 40 percent to the state’s GDP. Uttarakhand aims to attract investments worth Rs 60,000 crore in services sectors before 2030. An investment target of Rs 45,000 crore has been set before 2027. Under this, 20 lakh people will get employment in the service sector and 10 lakh workers in the service sector will get skill development. Provision of land and capital subsidy has been made to investors in the service sector.

Pump storage policy approved

Under this, in the light of the total capacity determined for pumped storage projects under the National Electricity Plan issued by the Central Electricity Authority and the estimated target set for the state, according to the guidelines issued by the Government of India for pumped storage projects, development of projects related to pumped storage capacity in the state. A draft policy for this has been prepared and presented to the Cabinet for approval.

The main objectives of this policy are to use the identified potential of this sector in the state through pumped storage projects, to provide grid stability by managing and utilizing renewable energy sources, to encourage development of self-determined offstream sites, to provide public electricity in the relevant area. And the economic development of the state through private investment and meeting the needs of drinking water and irrigation with the water from the above projects etc. are mainly important.

Tourism

• Auli Tourism Development Authority will be formed to make Auli a world class skiing centre.
• Various artifacts and statues are to be installed in Badrinath. This work was also given to the organization INI Design Studio which had prepared the master plan.

Electricity

There are gas based power plants in Udham Singh Nagar. Like gas coming from abroad, VAT on state gas will be waived off. So that electricity can become cheaper.