JK wants Confederation of Indian Industry to invest in state

SRINAGAR: The government Saturday asked the Confederation of Indian Industry (CII) to explore avenues of investment in various business sectors of the state.
An official handout issued here said a corporate delegation, led by Chairman of the CII Shreekant Somany, met the Deputy Chief Minister Nirmal Singh and Minister for Industries and Commerce Chander Parkash Ganga here.
The meeting, it said, discussed various issues related to corporate investment in J&K.
“The Deputy Chief Minister asked CII chairman to explore avenues of investment in tourism, handloom, handicrafts, horticulture, and other allied sectors, which have tremendous potential of growth in J&K. He assured business-friendly environment for investors,” the handout said.
Hoping that CII would cover J&K and “invest generously” in the state, the Minister for Industries told the delegation that there is no dearth of skilled manpower in the state, it said.
“Both the ministers assured the investors that they would be provided full cooperation from the state government in establishing industrial or business units,” it said.