In a big boost to development in the Jammu and Kashmir, J&K government on Monday has announced the state's first global investor's summit from October 12-14. The announcement was made by Navin Kumar Choudhary - Principal secretary to the government (Industries & Commerce Department) while addressing a press briefing in Jammu.
"Jammu and Kashmir state has decided to host Investors summit from October 12-14, 2019. This will be the first-ever global investors' summit being hosted by the state till date. The inaugural session of the summit will be held in Srinagar on October 12, while the closing ceremony will be held in Jammu on October 14," said Choudhary.
Detailing the events and the attendees of the Summit, he said:
"There will be a lot of technical sessions held in both cities. Some of the workshops may be held in Katra and Gulmohur, namely seminars pertaining to Spiritual tourism, adventure tourism, and hospitality."
"Both the closing and the opening ceremony will be attended by the highest level of dignitaries. We are expecting many Union ministers, representatives from state governments, secretaries to the government of India as well as hundreds of traders and businessmen at the highest level. We are extending invitations to 2000 dignitaries," he added.
Announcing Confederation of Indian Industry (CII) as its National partner and Ernst &Young as its Knowledge partner, he said that the CII would assist the state with contacts and logistics.
"J&K trade proposal organisation which was set up this year is the nodal agency to hold this event. CII has been roped in as the national partner who will give us the contact of all trade and businesses, arrange roadshows within and outside the country and help us in documentation and logistics of the summit. Through competitive bidding Ernst & Young has been selected as our Knowledge partner and Pricewater -Cooper as the media management partner."
Choudhary further explained the various roadshows planned prior to the Summit and listed the various sectors which have been invited for the Summit.
"We have decided to hold roadshows before the event in Mumbai, Ahmedabad, Chennai, Bengaluru and Delhi. We will have a mega roadshow, ambassadors' meet and media event in Delhi. Similarly, we will be holding roadshows abroad connected to us like Dubai, Abu Dhabi, London, Singapore, and Malaysia," he said.
"We have identified core sectors relevant to Kashmir and the focus will be on them, but that does not mean that other sectors are not welcome. Core sectors are agriculture and horticulture, post-harvest technology, food processing, tourism, hospitality, film industry, IT, handloom and handicrafts, manufacturing and MSME, health care and pharmaceuticals, skill, and education," he added.
Aiming to attract maximum participation he stated that other states could mingle with different businesses, adding that industries have already started enquiring about the Summit.
"The summit has benefits of other states as well. Not only does it provide an opportunity to showcase their skills, but it also allows businesses of various states to meet each other to build a partnership. We are also in the process of identifying bankable projects to showcase in the summit. A lot of interest has been generated in the industry in the past few days and have received enquiries from various industrial houses."
As the Parliament passed the Jammu-Kashmir Reorganisation Bill 2019, Union Home Minister Amit Shah, who had presented the bill in both parliamentary houses, had categorically stated in his arguments that with the revocation of Article 370, there no longer existed a dual constitution in this country, thus reaffirming Kashmir as an integral part of India. He had also said that now the state would be able to enjoy the development as the rest of India, ushering it into the 21st-century living.