J&K Global Investors’ Summit:Govt approaching corporate houses to invest in J&K
Feb 17: Jammu and Kashmir government is
approaching big corporate houses to make Global Investors Summit 2020 a runaway
54 top officers have been deputed to interact with business houses and convince
them to sign Memorandum of Understanding (MoU) with the government.
Monday, the government began road shows in Bengaluru and Kolkata as succeeding
event to the grand curtain raiser heralding the J&K Government’s first
road shows are aimed to allow prospective investors have a dialogue on the
immense investment opportunities presented by the verdant region.
Kolkata, Advisor to Governor, Kewal Kumar Sharma was at the forefront of the
road show where many local corporate houses interacted with officials to enquire
about scope of investment in J&K.
on the occasion, Sharma emphasised that “A new version of J&K – J&K 2.0
is all set to emerge as the UT is now at par with rest of India.” He further remarked that every district of
Jammu and Kashmir has a distinct heritage, culture & history and huge
Government led Industrial delegation including Manzoor Ahmad Lone, Secretary,
Agriculture and Horticulture; Simrandeep Singh, MD, JK ITIDC; Shahid Iqbal
Choudhary, DC Srinagar; Anoo Malhotra, Director, Industries & Commerce,
Jammu; Atul Sharma, MD, SICOP with other senior Government officials addressed
industrialists Vikram Gupta, MD
Airmesh; Satish Koul, Resident Director
Emcure along with J&K bank, tourism representatives were also present.
Director, Jammu and Kashmir Trade Promotion Organization (JKTPO) Ravinder Kumar
told The Kashmir Monitor that at least 140 corporates participated in the
Kolkata road show.
we conducted programmes in Kolkata where 140 people participated. They were
positive about investing in Jammu and Kashmir,” he said.
said the officials are meeting corporate houses to instill confidence and
encourage them to pledge investment in the UT. “First an invitation is being sent
to the corporate houses. Later we hold one-to-one meeting with them,” he said.
government has created a MoU to liaison with investors interesting to invest in
Jammu and Kashmir. “A nodal officer is
deputed in MoU cell who oversees the entire process of dealing with the
interesting Corporates,” he said.
said most of the investors have shown interest in investing in Education and
administration informed the investors about incentives and prospectus of their
business in the newly declared Union Territory,” they said.
Kansal, Principal Secretary, Planning Development and Monitoring Department
made a detailed presentation on investment opportunities in J&K; he
highlighted 14 distinct sectors including tourism, education, healthcare and
infrastructure which presented the greatest opportunities for potential
also made a reference to the investor friendly policies and sector specific
policies. He elaborated that with an aim to make Jammu and Kashmir an industrial
hub more than 48 investible projects and new 14 focus sector have been
identified, which are investor-friendly and easy to business. 6000 + Acres of
industrial and sector-specific land bank has been identified to attract large,
mega and small industries to create more employment opportunities in the newly
has also started its Investment Facilitation Cell at Delhi and also planning
same for Jammu & Srinagar.
Presentation was followed by film on UT of J&K and a presentation on IT
Sector by Simrandeep Singh, MD JK ITIDC.
are coming up with two IT parks with plug and play facility and are also in
process of finalizing our new industrial promotion policy,” informed Bipul Pathak, Principal Secretary – IT,
J&K. He also highlighted that there are immense opportunities for skilled
manpower in the UT and the government is offering productive incentives and
relaxations in several industry sectors.
Union Territory of J&K is one of the best destinations in the country for
setting up residential schools, smart schools, skill centres,” opined Hirdesh Kumar, Commissioner Secretary, School
Education who led the Road show held at
Kolkata for the upcoming Jammu and Kashmir Global Investors’ Summit.
are confident that such steps coupled with the Central Governments and UT
Administration’s efforts to restore normalcy in J&K will soon create an
environment for attracting industry to the UT,” said Sandipan Chakravortty,
Past Chairman, CII Eastern Region while addressing the gathering.
Road show at Kolkata a detailed presentation was made by Ravinder Kumar, MD,
JKTPO, which highlighted all the 14 Focus sectors and initiatives taken by
Government to improve industrial ecosystem in UT. It was followed by UT J&K
film and presentation on Tourism Sector by Zubair Ahmad, Administrative
Secretary, Tourism. Also prominent industrialists Gagan Jain, Director VKC Nuts
Pvt Ltd were present during the sessions.
parallel road-shows consist of a series of round-table discussions and networking
opportunities including G2B, B2G and B2B meetings, all conducted via strategic
sector-specific sessions to maximise industrial growth and employment
opportunities. The event was attended by 245 delegates and 33 B2G meetings were
held. 34 no of MoU with total worth of 2847 crores were signed during both
parallel road shows.
prominent industry groups present were Phillips Carbon Black Ltd, Apeejay
Surrendra Park Hotels Limited , Pearl tree Hotels & Resorts, Sasa Chakra
Infrastructure, Triumph Hotels & Asset Management, Toyota Kirloskar,
Flipkart, Oracle India, Big Basket, Cropnosys, Indus Valley Ayurvedic Centre,
Arvind Mills etc. In addition, Flipkart committed market access through its
Samarth portal. Oracle proposed an excellence centre and collaboration with
educational institutions to provide free software support as part of its Oracle
Inc. however said the government should ease off the stress of local business
houses before inviting outsiders to invest in J&K.
investors is a good decision but practically condition of local businessmen is
very bad. Our losses have piled up to
more than Rs 20,000 crores and the situation on ground is not feasible for
business,” said Nasir Hamid Khan, senior vice president KCCI.
Traders from Jammu division on the other hand
are riding high on government’s initiative, claiming it will generate