New Delhi, January 20. With an intend 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.
The event was presided by Shri Girish Chandra Murmu, Hon'ble Lieutenant Governor, UT of Jammu & Kashmir, 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 B V R Subrahmanyam, Chief Secretary and Shri Kewal Kumar Sharma, Advisor to Hon'ble Lieutenant Governor.
This event showcased 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 more than 45 B2G meetings took place. In which Hon’ble Lieutenant Governor had one to one meeting 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 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 are to be the prime focus sectors of the summit.
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 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, Hon'ble Lieutenant Governor of J&K, Shri Girish Chandra 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 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".
Shri Jitendra Singh congratulated Hon'ble Lieutenant Governor of J&K, Shri Girish Chandra Murmu for taking such initiative at the right time and right place. He said, “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 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. Such areas and similarly in many sectors there are huge opportunities for investments and contributing to growth and 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 progressive eco system for investors. Easy availability of land through Land bank and smooth clearances with dedicated teams to attend to investors will be priority of the administration. It is one of the most beautiful and pollution free place which make it a good destination for AYUSH and wellness centres. He also assured all dignitaries for full support from UT Administration for actualisation of their investments.
Key government officials including all Administrative secretaries were present and participated in one to one B2G meeting along with their officers from departments from UT and central ministries 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 under Industries and Commerce department Government of Jammu and Kashmir.
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