HP signs MoU with German company to explore Ayurgenomics

SHIMLA: Himachal Pradesh government has signed a MoU was with Frankfurt Innovation Zentrum (FIZ) at Frankfurt, Germany on Wednesday to explore the areas of collaboration in the fields of Ayurgenomics (Ayurveda and Genomics), precision medicine and precision agriculture. A high level delegation led by Chief Minister Jai Ram Thakur is visiting Germany and Netherland to woo the investors to invest in the state. A ‘Road show’ was also organized by the state government in cooperation with the Consulate General of India Frankfurt and Confederation of Indian Industry (CII) at Frankfurt in Germany on Tuesday evening.

Jai Ram Thakur said that Himachal Pradesh had varied climatic conditions and diverse topography making it suitable for growing wide range of medicinal plants. He said that state government would provide all possible help to the interested entrepreneurs for setting up their units in the state.

During the MoU ceremony, CEO FIZ Dr Christian Garbe made a detailed presentation on the working and mandate of FIZ. He also suggested for a cross-learning program to have better understanding of the local requirements as well as how Ayurgenomics can play a pivotal role in the healthcare and wellness sectors.

While addressing the ‘Road show’, Jai Ram Thakur said that state offers immense potential for investment in sectors like tourism, industries, information technology, service sector, food processing, pharma and power etc and state government was providing all possible help to facilitate entrepreneurs for setting up their units in the state. He said that State has a vibrant talent pool and educational ecosystem due to presence of premier institutes of national repute.

He said that with a host of universities, engineering, management and medical colleges, the state ensures a steady supply of skilled human capital for the industries. He said that State offers investors a variety of choices in tourism sector like adventure, wildlife, eco-tourism, heritage, spiritual, monuments, religious, skiing etc.

While inviting the potential entrepreneurs to be part of the Global Investors Meet in 2019 being organized at Dharamshala, he said that Global Investors’ Meet would focus on a wide range of upcoming and thriving sectors like Tourism, AYUSH and Wellness, Manufacturing, Pharmaceuticals, Real Estate, Hydro Power, Agro and Food Processing.

Jai Ram Thakur said that the State Government was organizing the Road Show in Germany because “Made in Germany” was a trademark of quality recognized around the world and the state government was keen to replicate the same in the state.

He said that the German companies were considered as master of planning, therefore, the State was willing to implement the same culture by having collaboration with more German companies. He said that India has more than 1600 Indo-German collaborations and over 600 Joint ventures operating in India.

“I personally feel that Tourism, AYUSH, Pharmaceutical, Agri & Food Processing, Industries, Real Estate and Automobiles could be the key areas of investments in the State,” he added.

He said that Himachal Pradesh has presence of Germany in many sectors. He said that Climate Proofing Project (KFW) was started to enhance the adaptive capacities of local communities with an outlay of 37.61 Million EURO. Whereas, Himachal Pradesh Forest Ecosystem services – HP-FES Project” was signed in 2016, between GIZ and Himachal Pradesh Government to institutionalize the ecosystem services. In addition to this, several German Companies such as New Tech Filters, BASF, Edelman Henkel, Aristo Pharma and Federal Mogul were active in the State, he added.

Additional Chief Secretary cum Principal Secretary to Chief Minister, Dr Shrikant Baldi highlighted the opportunities in the field of Tourism like Adventure Activities, Trekking & Camping, Wildlife, Unexplored Cold Desert, History, Architecture, Spirituality and Harmony. He further explained about the individual potential investible projects in details like Five Star Resorts, Ski Resorts, Eco Tourism, Convention Centre, Hot Water Wellness Resort, Sky Bridge, Lake Tourism, Destination Development, Ropeways, Civil Aviation, Tea Tourism and Tented Accommodation.

Additional Chief Secretary, Industries , Manoj Kumar made a concise presentation highlighting the facts why India was considered the economic bright spot in global economy and how Himachal Pradesh was an ideal ‘Haven for Investors’. He gave a succinct brief on the 8 focus sectors in Himachal Pradesh. He highlighted the State readiness for investment in terms of ‘Ease of Doing Business’ and also shared key Incentives of Industrial Investment Policy – 2019.