SRINAGAR: Welcoming private sector investment in the state to catapult development and open employment opportunities, Chief Minister Omar Abdullah Friday highlighted the role of HDFC Bank in opening branches in the Valley and expanding its reach.
Inaugurating the Circle Office of HDFC here at MS Shopping Mall, Omar said that 25 years of law and order situation made private sector hesitant to invest in Kashmir Valley.
He said un-palatable peace conditions made various private companies to migrate outside the Valley marring the development and employment prospects of youth here. He lauded the initiatives taken by the HDFC to open its branches in the State and gain traction by familiarizing with local conditions and needs of the people. He also praised the bank for use of both English and Urdu languages in banking operations, thus providing additional facilities to those locals who are only well versed in Urdu language.
He mentioned the opening of branches by HDFC in rural areas and hoped that the bank will reach out to the people in the remote areas like Gurez, Tangdar and extend banking facilities to the people in these areas.
Omar underlined the need for specific focusing of bank on the Agriculture and allied sectors and provide easy advances to the farmers, artisans, budding entrepreneurs and general youth interested in launching their independent livelihood earning units.
The Minister of State for Animal Husbandry, Nazir Ahmed Gurezi was also present on the occasion.
The HDFC Bank officers, including Zonal Head of HDFC, Zubair Iqbal, besides large number of the bank clients were also present.