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J&K And Ladakh: Mukesh Ambani Makes Big Commitment At RIL AGM, Says Slew Of Initiatives To Be Announced

Written By Apoorva Rao | Mumbai | Published:


  • Mukesh Ambani said his company will come up with a slew of developmental initiatives for the Union Territories Jammu and Kashmir and Ladakh

Reliance Industries Limited Chairman Mukesh Ambani on Monday announced during the 42nd Annual General meeting of his company that his company will come up with a slew of developmental initiatives for the Union Territories Jammu and Kashmir and Ladakh.

"Responding to the honourable PM Narendra Modi's appeal, we stand committed to support the people of Jammu and Kashmir and Ladakh in their developmental needs. We will create a task force. You will see several announcements for the Jammu and Kashmir and Ladakh in the coming days on our developmental initiatives," he said.

PM Modi stresses upon development for Kashmir

On August 8, PM Narendra Modi had addressed the nation about the integration of Kashmir with the rest of India. He had spoken about how the region will benefit through development.

"Our priority is the socio-economic development of Jammu, Kashmir and Ladakh. It is vital these beautiful regions become centres of growth and the skills of the local youngsters are utilised effectively. There are ample opportunities in sports, tourism and culture... now onwards, the people of Jammu, Kashmir and Ladakh can avail of several developmental opportunities they were denied for decades! This includes access to better education, laws to protect the marginalised sections of society, a life of greater dignity for women," he said.

Industrialists show interest in setting up businesses in Kashmir

Following his speech, several industrialists promised to set up their businesses in the region. 

Industry body CII on August 9 had assured Finance Minister Nirmala Sitharaman that the industry body will support investment activities in Jammu and Kashmir. "We would like to see investment across sectors in Jammu and Kashmir. CII has stated to the government and the finance minister that CII would support initiative for investment in the UT," said Uday Kotak, CII President designate and MD and CEO of Kotak Mahindra Bank.

READ | Investment Boost For J&K: CII Assures Support, Uday Kotak Makes Statement After India Inc.-Finance Minister Meeting

Carnival Cinemas, led by Dr Shrikant Bhasi, one of the fastest-growing and leading multiplex chains, on August 9 announced their expansion plans. "Thanks to the bold step by the current government, we are looking out to open atleast 30 screrns in JnK and 5 screens in Ladakh," said Mr PV Sunil, MD, Carnival Cinemas.

Asia's largest helmet manufacturer Steelbird Hi-tech India on August 6 offered to set up a manufacturing plant in Jammu & Kashmir, a day after article 35A granting special status to the state was revoked by the government. 'This will help the Kashmir Valley kickstart a new industrial revolution and employment for the citizens,' said Steelbird in a statement welcoming the government's move

READ | Post PM Modi's Kashmir Speech, Carnival Cinemas To Open 30 Movie Screens In Jammu & Kashmir