J&K Global Investor's Summit 2020

G C Murmu invites Gujarati Businessmen to Invest in J&K inks 35 MoUs worth 2141 Crores

Ahmedabad, 9 March 2020: Gujarati businessmen are successful worldwide and they should also explore vast investment opportunities in Jammu & Kashmir said Mr G C Murmu, Hon’ble Lt Governor, J&K. He was addressing captains of the industry from Gujarat during the interaction jointly organized by Confederation of Indian Industry and Government of J&K in Ahmedabad. He informed the industrialists that industrial barriers have been removed in J&K. Top business houses of Gujarat including Rasna, Cadila, Ambuja Group, Amul, Adani, Suzlon, Abellon Clean Energy and many others participated in the interaction. Mr. Piruz Khambata, CMD Rasna Pvt Ltd, Mr. RS Sodhi, MD, Amul GCCMF, Mr. Manish Gupta, MD, Ambuja Group and many other prominent industrialists from Gujarat called on Hon’ble Lt Governor to discuss their investment plans in J&K. The Union territory of Jammu and Kashmir has drawn interest of Investors, Corporates, Business owners across India for the upcoming Jammu Kashmir Global Investors Summit.

With 6 domestic roadshows, which ended in Ahmedabad city today, the delegations led by Honorable Lieutenant Governor Shri G C Murmu was attended by over 150 delegates and had 21 B2G meetings and has signed 35 MoUs worth 2141 crores with big corporates, MNCs, Business Groups and Investors from different sectors.

J&K Government delegation also included Shri Kewal Kumar Sharma, Advisor to the Hon’ble Lieutenant Governor, Jammu & Kashmir, Shri Arun Kumar Mehta, Financial Commissioner Finance, Jammu & Kashmir, Shri Dheeraj Gupta, Principal Secretary, Housing & Urban Development, Jammu & Kashmir and Shri Manoj Kumar Dwivedi, Commissioner/Secretary Industries & Commerce, Jammu & Kashmir. The meeting was attended by Managing Director JKTPO, Director Industries and Commerce Jammu, MD JKI and Dy Commissioners of Pulwama, Shopian, Reasi, Bandipora.

Mr. Kewal Kumar Sharma, Advisor to the Hon’ble Lieutenant Governor, Jammu & Kashmir assured all investors that Government will extend full support to attract investment into J&K.

Mr. Arun Kumar Mehta, Financial Commissioner Finance, Jammu & Kashmir shared that J&K 2.0 is open for industry including private sector. He further said that J&K is expected to grow by approximately 10 percent for next ten years. GST collection has increased by 40 per cent this year which is highest percentage in country.

Mr. Manoj Kumar Dwivedi, Commissioner/Secretary Industries & Commerce, J&K. He highlighted six thrust areas covering 14 focus 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.

Mr. Vinod Agrawal, Vice Chairman, CII Gujarat State Council & CMD Arunaya Organics Pvt Ltd, while welcoming J&K Government delegation and potential investors for the business interaction said Ahmedabad interaction is the final leg of domestic outreach programmes in the run up to J&K Global Investors’ Summit.

In the next phase of outreach initiative for the Global Investors Summit, JKTPO shall be organizing Mini Conclaves in Jammu and Srinagar to sensitize residents.

The event was organized by Jammu and Kashmir Trade Promotion Organization (JKTPO), a nodal agency for Government of J&K along with Confederation of Indian Industry (CII) as the National Partner, Ernst & Young as the knowledge partner Media Partner PricewaterhouseCoopers (PwC).


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