SRINAGAR, MARCH 22: J&K’s Lieutenant Governor Manoj Sinha today addressed the Gulf Countries’ Investment Summit at SKICC, Srinagar which is aimed at providing a platform for the foreign business delegates to explore a host of investment opportunities in Jammu & Kashmir.
Speaking on the occasion, the Lt Governor highlighted the scope for J&K and GCC companies’ economic cooperation to make J&K as the ‘most beautiful investment destination in the world.’
The Lt Governor said that the visit of CEOs of top companies, entrepreneurs, start-up representatives, exporters in J&K is an expression of confidence of the industry leaders in the potential for business cooperation between J&K and Gulf countries.
Meanwhile, BST Organics Pvt Ltd, Pashmkaar, Sarveshwar Group, Sky Robo Drones Pvt Ltd, ESPA Learn Pvt Ltd, Fastbeetle, Orchardly, JKTDC, Reem Automotives, Peaks Group of Companies, other entrepreneurs and startups showcased their products, and pitched their ideas to the investors for investment and answered their queries during the interactive session.
Since 2014, India’s relationship with Gulf countries has undergone a massive evolution which is being translated into a vibrant, revitalized economic partnership with J&K that will not only diversify our export basket but will also create a conducive environment for the expansion of the existing trade, the Lt Governor observed.
We have worked with a coherent framework in the last two years to harness immense natural resources, economic potential of J&K, said the Lt Governor.
“Since my Dubai Expo visit earlier in January this year, many foreign companies from UAE have announced long-term plans for J&K. We are ready to take the relationship to a qualitatively new level and strengthen our economic partnership”, he added.
I welcome the business delegates in J&K’s journey of economic growth and to move together towards creating a more prosperous and vibrant UT, benefitting all sections of our society, said the Lt Governor.
The CEO of Century Financial, Bal Krishen, a native of Jammu’s Doda region, who headed the delegation of businessmen said that the delegation has visited J&K with a clear mindset for investments.
He termed the visit of business delegates from the Gulf a huge step towards growth and development of UT, and said that it will lay a strong foundation for a better and prosperous future where dreams and aspirations transform into reality.
He called for a joint effort between government and businessmen to create opportunities for the welfare of people in J&K and lauded the UT Government for providing the people with the right opportunities and Ease of Doing Business. He also urged the delegates to seriously consider the local talent from J&K.
Ranjan Prakash Thakur, Principal Secretary to Government, Industries & Commerce Department spoke about the growing conducive atmosphere for investments in J&K. To instill confidence in the investors, we have addressed most of the concerns with respect to investment policy, he added.
Managing Director, Jammu and Kashmir Trade Promotion Organization (JKTPO), Ankita Kar gave a detailed presentation on Investment opportunities in Jammu and Kashmir highlighting the investment plans, focus sectors, policy support and ease of doing business.
Women entrepreneurs, who are being provided assistance in the form of capacity building, access to credit, and market linkages under the “Hausla- inspiring her growth” programme also pitched their models for further investment. These included- Ecokash, Masha and SEED solutions.
The Investment Summit was attended by CEOs of top UAE and Hong Kong Companies; Women Entrepreneurs, Start-up representatives and Exporters.
Nitishwar Kumar, Principal Secretary to Lt Governor, Sh Pandurang K. Pole, Divisional Commissioner Kashmir; Sh Sarmad Hafeez, Secretary to the Government, Tourism department, besides senior Government Officials were also present on the occasion.
