J&K Global Investor’s Summit 2020: Roadshows begin from Bengaluru

February 18, 2020

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J&K Global Investor’s Summit 2020: Roadshows begin from Bengaluru

13 MoUs signed Rs 845 crores investments committed

13 MoUs worth Rs 670 crores were signed at the Global Investment Summit Roadshow held in Bengaluru today. In addition, a Rs 175 crore proposal for investment in a technology innovation centre was also received. The Bengaluru event was the first of the roadshows planned as a runup to the J&K Global Investment summit.

Speaking on the occasion, Shri Kewal Kumar Sharma, Advisor to Hon’ble Lieutenant Governor, J&K emphasised that “A new version of J&K – J&K 2.0 is all set to emerge as the UT is now at par with rest of India.” He further remarked that that every district of Jammu & Kashmir has a distinct heritage, culture & history and huge untapped potential.

Shri Rohit Kansal, Principal Secretary, Planning Development and Monitoring Department made a detailed presentation on investment opportunities in J&K; he highlighted 14 distinct sectors including tourism, education, healthcare and infrastructure which presented the greatest opportunities for potential investors. He also made a reference to the investor friendly policies and sector specific policies. He elaborated that with an aim to make Jammu and Kashmir an industrial hub more than 48 investible projects and new 14 focus sector been identified, which are investor-friendly and easy to business. 6000 + Acres of industrial and sector-specific land bank has been identified to attract large, mega and small industries to create more employment opportunities in the newly formed UT. JKTPO has also started its Investment felicitation Cell at Delhi and also planning for Jammu & Srinagar.

The sectors identified for such focused growth include 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. The Summit aims to revitalise these sectors, thereby imbuing new dynamism into the region’s economy.

“We are coming up with two IT parks with plug and play facility and are also in process of finalizing our new industrial promotion policy,” informed Mr Bipul Pathak, Principal Secretary – IT, J&K. He also highlighted that there are immense opportunities for skilled manpower in the UT and the government is offering productive incentives and relaxations in several industry sectors.

The event also held a series of round-table deliberations and networking opportunities for B2B and B2G meetings, conducted via strategic sector-specific sessions to maximise industrial growth and boost employment. The event was attended by 150 delegates and more than 12 B2G meetings were held. Some prominent industry groups present were Toyota Kirloskar, Flipkart, Oracle India, BigBasket, Cropnosys, Indus Valley Ayurvedic Centre, Arvind Mills etc. In addition, Flipkart committed market access through its Samarth portal, Oracle proposed an excellence centre and a collaboration with educational institutions to provide free software support as part of its Oracle academy.

The roadshows which are being organised as a precursor to the planned Global Investment Summit will cover numerous cities like Mumbai, Hyderabad, Chennai, Ahmedabad and other business hubs to draw together investors, decision-makers, senior government officials and the local business community in a stimulating dialogue that can spur J&K’s industrial growth, investment and manufacturing across 14 identified sectors. 5 more roadshows are being planned in Kolkata, Mumbai, Hyderabad, Chennai and Ahmedabad.

The Government led Industrial delegation including Shri Manzoor Ahmad Lone, Secretary, Agriculture and Horticulture; Shri Simrandeep Singh, MD, JK ITIDC; Shri Shahid Iqbal Choudhary, DC Srinagar; Smt Anoo Malhotra, Director, Industries & Commerce, Jammu; Mr. Atul Sharma, MD, SICOP with other senior Government officials addressed the gathering. Also prominent industrialists Shri Vikram Gupta, MD Airmesh, Shri Satish Koul, Resident Director Emcure along with J&K bank, tourism representatives were also present.