Srinagar: The Lieutenant Governor of Jammu and Kashmir, G.C. Murmu, Monday invited Gujarati businessmen to invest in the newly-created Union Territory and added that industrial barriers that had existed in the erstwhile state had been removed.
In a statement issued by J&K government Department of Information and Public Relations, the LG is quoted saying, “Gujarati businessmen are successful worldwide and they should also explore the vast investment opportunities in Jammu & Kashmir.”
The LG was addressing businessmen at a roadshow in Ahmedabad ahead of the Jammu and Kashmir Global Investors’ Summit that is scheduled to be held in April. Five such roadshows have already been held in Bengaluru, Kolkata, Mumbai, Hyderabad, and Chennai.
In its statement Monday, the J&K administration said top business houses of Gujarat including Rasna, Cadila, Ambuja Group, Amul, Adani, Suzlon, Abellon Clean Energy and many others participated in the interaction with the LG.
“He informed the industrialists that industrial barriers have been removed in J&K,” the statement reads.” According to the current industrial policy, no businesses can own land in Jammu and Kashmir. But a new policy is in the making, officials said.
Authorities hoping for success of investor summit
The J&K administration has initiated a massive outreach programme to attract investors from across the globe for the investor summit.
ThePrint had on January 29 reported that administration had decided to identify 60,000 kanals (around 7,500 acres) of government land for potential investors ahead of the much-awaited summit in April.
Meetings, interactions, seminars and road shows were also planned by the administration in six cities across the country to spread awareness about investment possibilities 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,” the Monday statement further read.
The administration also said that delegations “led by the Lt Governor, attended by over 150 delegates, 21 B2G meetings has signed 35 MoUs worth Rs 2,141 crore with big corporates, MNCs, Business Groups and Investors from different sectors”.
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