Attracting Business opportunities
14/08/2019
Success is not final; failure is not fatal: It is the courage to continue that counts. Seeking to attract businesses to Jammu and Kashmir, the state administration has announced a three-day global investors summit to be held in Srinagar from October 12. This meet will provide an opportunity to showcase ts strengths, strategies and potential. It will also help allay fears and apprehensions in the minds of trade and business community outside the state, he added. The announcement comes a week after the Centre scrapped special status to Jammu and Kashmir under Article 370 of the Constitution. Among the reasons cited was that the provision had restricted the state's industrial growth and development. The Confederation of Indian Industries (CII) will be the national partner for the investors meet. AnMoU has been signed by Jammu and Kashmir Trade Promotion Organisation (JKTPO) and CII for organisation and management of the event. Trade and industry organisations will come to know firsthand about the business- friendly policies of the government, assess infrastructure, natural resources, raw material and skill and un-skilled manpower available and identify business opportunities in the state.
Yesterday also Prime Minister Narendra Modihas said that post-abrogation of Article 370 of the Constitution of India, leading entrepreneurs have already expressed their interest in investing in Jammu and Kashmir and voiced confidence that open minds and open marketswill ensure that youth will take the State on the path of greater progress. While reacting to scrapping of Special Constitutional provisions of Jammu and Kashmir including Articles 370 and 35A, which were done away with by President Ram Nath Kovind and the Parliament on August 7, Modi made it clear that the Government decision on Article 370 was purely a domestic one and hoped that it will benefit the people of Jammu and Kashmir. The Prime Minister also said that investments need certain conditions like stability, market access and predictable laws being some of them.
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