NEW DELHI, JANUARY 20:With an intent to invite investments to the newly formed UT of Jammu & Kashmir, the three-day Global Investors’ Summit 2020 is scheduled in the year 2020 which will be held in Srinagar and Jammu. The Pre-Summit Investors’ Meet & Curtain-Raiser of the event held in New Delhi on 20th January.
Dr Jitendra Singh, Minister of State (Independent Charge), Ministry of Development of North Eastern Region, Minister of State, Prime Minister’s Office, Government of India; Girish Chandra Murmu, Lieutenant Governor, UT of Jammu & Kashmir; Kewal Kumar Sharma, Advisor to Lieutenant Governor, J&K; B V R Subrahmanyam, Chief Secretary 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 and more than 45 B2G meetings took place.
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 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.
Currently, Government of J&K is developing 2 IT parks, ICD in Samba and have identified industrial land bank of over 6000 acre 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 pre-summit investor’s meet & curtain-raiser, the state film along with the focus sector profiles and policies were introduced by 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, Lieutenant Governor of J&K, 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 & 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 also 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 Lieutenant Governor of J&K,Girish Chandra 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”.
B V R Subrahmanyam, Chief Secretary, Jammu & Kashmir, 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 one 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.