Global Investors’ Summit : Govt invites investors to J&K

NEW DELHI: With an intend to invite investments in Jammu & Kashmir, the three-day Global Investors’ Summit 2020 is scheduled this year in Srinagar and Jammu.
The Pre-Summit Investors’ Meet & Curtain-Raiser of the event was held in New Delhi on Sunday, an official spokesperson said in a statement.
Senior Government officials like Shri Girish Chandra Murmu, Hon’ble Lieutenant Governor, UT of Jammu & Kashmir, Dr Jitendra Singh, Ministry of State (Independent Charge), Ministry of Development of North Eastern Region, Minister of State, Prime Minister’s Office, Government of India, Shri B V R Subrahmanyam, Chief Secretary and Shri Kewal Kumar Sharma, Advisor to Hon’ble Lieutenant Governor, J&K were present at the event.
“This event showcases policy and regulatory environment, investment opportunities in fourteen focus sectors to boost manufacturing and employment generation in the region. More than 350 delegates from various sectors and leading organisations participated in the event more than 45 B2G meetings took place,” it said.
The aim of the upcoming summit is to exhibit the different investment opportunities available in the newly formed UT of J&K in different sectors including Tourism, Film Tourism, Horticulture & Post Harvest Management, Agro and Food Processing, Mulberry production for silk, Health & Pharmaceuticals, Manufacturing, IT/ ITes, Renewable Energy, Infrastructure and Real Estate, Handloom and Handicraft and Education, it added.
Currently, J&K government is developing two IT parks, ICD in Samba and have identified industrial land bank of over 6000 acres across 20 districts to develop state-of-the-art industrial parks. Also, the government has removed the toll barrier to enable seamless inward and outward movement of raw materials and goods, it said.
During the meet, the state film along with the focus sector profiles and policies were introduced by Commissioner secretary Industries & Commerce Manoj Kumar Dwivedi with the focus on the theme tag line; Explore (the opportunities in industries, infrastructure, policies in the region), Invest (in the new and existing investment options); Grow (prosper via incentives and strategic advantages in key sectors).
On the occasion, Lieutenant Governor Girish Chandra Murmu said, “Inspired by the Prime Minister’s vision of organizing the Global Investors’ Summit in Gujarat, the J&K government took a decision of showcasing J&K’s potential for investment through a summit. The Global Investors’ Meet, with the theme of explore, invest and grow is a platform that will bring together senior entrepreneurs, leaders from corporate sector across the country, senior policymakers, development agencies, investors from across the world and local businessmen.
“We intend to take a leap forward in making Jammu and Kashmir an economic paradise for investors and I would like to invite you all to take the lead in setting up your enterprises in Jammu & Kashmir,” he said.
According to Diwedi, “Today’s Pre-Summit Investors’ Interaction has been organized to deliberate with you all on desired initiatives for creating an investor-friendly ecosystem and make you interested in J&K. I have brought along senior officers from the Government to discuss these further with you during the rest of the day”.
Jitendra Singh congratulated Murmu for taking such initiative at the right time and right place.
He said, “Prime Minister’s indulgence in the J&K region is leading to a lot of development in various sectors”.
Chief Secretary B V R Subrahmanyam said, “Jammu & Kashmir is little known about the places except what we have seen in the films, it is quite different what we know. J&K is not a backward place but it has the brightest and skilled people. I have read in a book that, people in J&K don’t die from the disease but from the old age. 90% of Apples are produced in the country which makes it number in India”.
Key government officials like Ravinder Kumar, MD, JKTPO and many other prominent dignitaries were present at the event.
The event was organised by Jammu and Kashmir Trade Promotion Organization (JKTPO), a nodal agency for Government of J&K along with Media Partner PricewaterhouseCoopers (PwC), Confederation of Indian Industry (CII) as the National Partner and Ernst & Young as the knowledge partner.

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