With an intend to invite investments to the newly formed UT of Jammu & Kashmir, the three-day Global Investors’ Summit 2020 will be held in the twin cities of Srinagar and Jammu early this year. As a pre-cursor to the mega event, a pre-summit investors’ meet and curtain-raiser was held in New Delhi on January 20.
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 Girish Chandra Murmu, Hon’ble Lieutenant Governor, UT of Jammu & Kashmir, Shri Kewal Kumar Sharma, Advisor to Hon’ble Lieutenant Governor, Shri B V R Subrahmanyam, Chief Secretary, were present in the event.
This event showcased the policy and regulatory environment and investment opportunities in 14 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 the Hon’ble Lieutenant Governor had one-to-one meetings 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 sectors including tourism, film tourism, horticulture and post harvest management, agro and food processing, mulberry production for silk, health and pharmaceuticals, manufacturing, IT/ ITes, renewable energy, infrastructure and real estate, handloom and handicraft, and education.
Currently, the Government of J&K is developing 2 IT parks, ICD in Samba and have identified industrial land bank of over 6000 acres 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 event, 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).
Key government officials, including all administrative secretaries, participated in one-to-one B2G meetings.
On the occasion, Mr. 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.”