LG addresses CII Partnership Summit-2020

JAMMU: Lieutenant Governor, Manoj Sinha today called for unlocking the potential of Jammu Kashmir in a multi-dimensional fashion, through systemic interventions at the individual and community level. The purpose of such interventions is to effectively support and encourage young individuals to achieve their true potential, he said.
The Lt Governor was addressing the Confederation of Indian Industry (CII) Partnership Summit-2020 organized through virtual mode.
During his address, the Lt Governor underscored the significance of the Summit and observed that the theme – ‘Partnership for Lives, Livelihood & Growth’ is very important for two reasons- First, we have to realize that a country cannot exist as an island, and, secondly, each and every sector of our economy is interwoven.
Since we are pulling ourselves together to restart the engine of economic growth that was partially disrupted due to the global pandemic, we cannot live and grow alone. We have to be together to multiply comprehensive development in every sector, he added.
He further called for joint efforts by the Government, Private Enterprises, and Civil Society Groups to overcome Social, Ecological, and Economic challenges for a post-COVID world.
To revive economic growth, we need to act innovatively and at a pace faster than pre-COVID era. Each and every sector of our economic wheel is interdependent on one another just like the countries in a globalized world are deeply connected for economic cooperation and speeding up industrial growth while improving living conditions for their own people, said the Lt Governor.
When the Prime Minister announced a special economic and comprehensive package of Rs.20 Lakh Crore for AatmaNirbhar Bharat, he gave a vision that self-reliance is different from being self-centered and India has a lot of potential to contribute to the development of the entire humanity, he added.
The Lt Governor congratulated CII on its 125th anniversary and commended the organization for doing a great job for growing new business and being the voice of change and leadership for existing ones.
“I am greatly enthused with the idea that CII and its members have incubated and led centres of excellence in various States/UTs”, he added.
The Lt Governor observed that Jammu and Kashmir, the crown jewel of India possesses great growth potential having talented young English-speaking population, coupled with established supply chains, ease of doing business, single-window clearances, competitive regulatory and policy landscapes assured part insurance covers, and rich natural resources.
He called upon the CII and its members to partner with J&K and be the change that one truly wishes to see reflected on the ground, besides shaping up a magnificent future and to invest in a truly greenfield project.
“We’re open for business. And we’re set for growth, which is sustainable and builds businesses with purpose. Come and partner with us! And enrich this partnership summit with your ideas and your inputs” remarked the Lt Governor.
“I want to see industry, jobs, skilled workforce, modern villages, and world-class infrastructure walk hand-in-hand together in Jammu Kashmir in 2021. We will therefore do our utmost to ensure prosperous development of this Union Territory with your support. In order to attain this goal, I promise to work with you on the necessary interventions. We’re planning to host the J&K Global investor’s Summit soon and CII is the partner organization for it as well”, said the Lt Governor.
Highlighting major initiatives taken by the UT Government, the Lt Governor said that the present dispensation, supported by the best team of officers, has taken over 150 new initiatives and reforms in under 100 days.
The UT Government has given 5% interest subvention; 50% reduced prices for electricity and water for a year; For ease of mobility a grant of Rs 5 lakh rupees for replacing old buses that ply; Reduced the registration fee by 50%; Undertaken a massive outreach program connecting with villages in Kashmir called “Back to the Village”, where we have given a grant of upto Rs 10 lakh rupees for two youth per Panchayat reaching over 12,000 young men and women for entrepreneurship and local small and medium businesses, observed the Lt Governor.
The Lt Governor expressed hope to see expressions of interest from business on the themes of Livelihood generation, Education and Skill Development, Sports & Recreation, CSR, Social impact projects, Financial assistance / Fellowships/ Philanthropic giving, Media, Art & Culture, Agriculture, and allied industries.



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