J&K Global Investors’ Summit 2020: Pre-summit investors’ meet held in Capital
The event showcased the investment opportunities in 14 focus sectors to boost manufacturing and employment generation in the region.Updated: Jan 21, 2020 11:25 IST
With an intend to invite investments to the newly formed UT of Jammu & Kashmir, the three-day Global Investors’ Summit 2020 will be held in the twin cities of Srinagar and Jammu early this year. As a pre-cursor to the mega event, a pre-summit investors’ meet and curtain-raiser was held in New Delhi on January 20.
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 Girish Chandra Murmu, Hon’ble Lieutenant Governor, UT of Jammu & Kashmir, Shri Kewal Kumar Sharma, Advisor to Hon’ble Lieutenant Governor, Shri B V R Subrahmanyam, Chief Secretary, were present in the event.
This event showcased the policy and regulatory environment and investment opportunities in 14 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, in which the Hon’ble Lieutenant Governor had one-to-one meetings with more than 20 delegates of major industrialists.
The aim of the upcoming Global Investors’ Summit 2020 is to exhibit the different investment opportunities available in the newly formed UT of J&K in sectors including tourism, film tourism, horticulture and post harvest management, agro and food processing, mulberry production for silk, health and pharmaceuticals, manufacturing, IT/ ITes, renewable energy, infrastructure and real estate, handloom and handicraft, and education.
Currently, the Government of J&K is developing 2 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 J&K Government has removed the toll barrier to enable seamless inward and outward movement of raw materials and goods.
During the event, the state film along with the focus sector profiles and policies were introduced by Shri Manoj Kumar Dwivedi, Commissioner/Secretary Industries & Commerce, J&K 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, Mr. Murmu said, “Inspired by the Hon’ble 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 & 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 added, “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 Mr. Murmu for taking such initiative at the right time and the right place. He said, “The Hon’ble Prime Minister’s indulgence in the J&K region is leading to a lot of development in various sectors.”
Shri B V R Subrahmanyam, Chief Secretary, Jammu & Kashmir, said, “Jammu & Kashmir is well known for its scenic beauty. But J&K has a lot of untapped potential to explore. J&K has the brightest and skilled people fit for industrial requirements. J&K in number one in apple production, but we just process 1% of the produce. There are huge opportunities for investments in many such sectors, which can lead to employment in J&K.”
The Chief Secretary added that the administration of J&K is re-engineering all the processes and policies to break age-old barriers and create a progressive ecosystem for investors. Easy availability of land through land banks and smooth clearances with dedicated teams to attend to investors will be the priority of the administration. He also assured all dignitaries of full support from the UT Administration for actualisation of their investments.
Key government officials, including all administrative secretaries, participated in one-to-one B2G meetings along with their officers from departments from UT and central ministries.
The event was organised by the Jammu and Kashmir Trade Promotion Organization (JKTPO), a nodal agency under the Industries and Commerce Department Government of Jammu and Kashmir.
Disclaimer: This is a government press release. No HT Group journalist was involved in the creation of this content.