Moneycontrol
Get App
you are here: HomeNewsBusiness
Last Updated : Aug 14, 2019 07:48 AM IST | Source: PTI

J&K to host investors meet from October 12 in Srinagar

The meet will provide J-K an opportunity to showcase its strengths, strategies and potential, the state's Principal Secretary (Industries), Naveen Choudhary, told reporters here.

Representative image
Representative image

Seeking to attract businesses to Jammu and Kashmir, the state administration on Tuesday announced a three-day global investors summit to be held in Srinagar from October 12.

The meet will provide J-K an opportunity to showcase its strengths, strategies and potential, the state's Principal Secretary (Industries), Naveen Choudhary, told reporters here.

It will also help allay fears and apprehensions in the minds of trade and business community outside the state, he added.

Close

The announcement comes a week after the Centre scrapped special status to Jammu and Kashmir under Article 370 of the Constitution. Among the reasons cited was that the provision had restricted the state's industrial growth and development.

The Confederation of Indian Industries (CII) will be the national partner for the investors meet. An MoU has been signed by Jammu and Kashmir Trade Promotion Organisation (JKTPO)  and CII for organisation and management of the event, the official said.

Trade and industry organisations will come to know firsthand about the business- friendly policies of the government, assess infrastructure, natural resources, raw material and skill and un-skilled manpower available and identify business opportunities in the state, he said.

It will present immense opportunities to develop contacts between the state and business community and between local and outside business communities, he said.

With effect from October 31, Jammu and Kashmir will be bifurcated into two Union Territories, Jammu and Kashmir, and Ladakh, as a bill in this regard was passed by Parliament and given Presidential assent.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.
First Published on Aug 14, 2019 07:42 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant