News Update

HYDERABAD — With the success of previous events of the first phase of roadshows being organised under J&K Global Investors’ Summit 2020, the delegation of the Jammu and Kashmir Government has reached Hyderabad as part of the second phase of the programme.

The agenda of this initiative of the government is to showcase the opportunities available in the service sector, especially in IT/ITeS, Bio-Technology, Healthcare, Horticulture, Tourism, Film Sector and Pharmaceuticals.

Advisor to Lieutenant Governor, Jammu and Kashmir, Rajeev Rai Bhatnagar, led the B2G meetings with industrialists and corporations and briefed them about the potential, investment opportunities and investible projects in the UT.  A series of round-table discussions were held via strategic sector-specific sessions to maximise industrial growth and employment opportunities in J&K.

The event was attended by over 150 delegates where 17 B2G meetings were held and MoUs worth Rs. 3000 crore were inked between the J&K Government with different industry leaders.

Sharing his views about the potential of Jammu and Kashmir during the roadshow at Hyderabad, Financial Commissioner Health & Medical Education, Jammu & Kashmir, Atal Dulloo, said that the UT has a lot of inherent potential with appropriate climate for agriculture, vibrant tourism ecosystem and a huge land bank. He added that it is indeed the next destination for investment with progressive and competitive investors and friendly policies.

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Commissioner Secretary, Industries & Commerce, Jammu & Kashmir, Manoj Kumar Dwivedi,  MD, J&K IT Infrastructure Development Corporations, Simrandeep Singh, Deputy Commissioner Srinagar; Shahid Iqbal Choudhary, Deputy Commissioner Pulwama, Raghav Langer, MD, JKTPO, Ravinder Kumar, Director Handloom, Babila Rakwal, Director Tourism, Jammu, Raj Kumar Katoch and Deputy Commissioner Kathua Om Parkash Bhagat were present in the roadshow.

On the occasion, UT J&K film was showcased along with a brief presentation on 14 new focus sectors and sector-specific policies by Manoj Kumar Dwivedi.

He highlighted 14 distinct sectors including 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.

With an aim to make Jammu and Kashmir an industrial hub more than 48 investible projects and new 14 focus sectors have been identified, which are investor-friendly and easy to business, he added.

Simrandeep Singh, while giving a presentation on IT Sector, said, “In order to give impetus to the growth of IT/ITeS sector in J&K, Government is developing two mega IT hubs in Jammu and Srinagar.”

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“The multiplier effect of recent reforms in J&K will ensure generation of employment opportunities, increase in income and improvement in quality of life of the citizens leading to an enhanced contribution of UT to the country’s GDP said M K Patodia, Past Chairman CII Andhra Pradesh while addressing the participants,” he said.

Some prominent industry Groups & Leaders present were from Ramoji Films GMR, BRKINS, Virinchi Hospitals, IL&FS, Geo Map System (P) Ltd, Dream Valley Golf & Resorts Pvt Ltd, Tata BSS TAIPA (Tower and Infrastructure Providers), TS TRANSCO, ASP Enterprise, ABC India Pvt Ltd, Kochhar and Co. along with many other.

The roadshows will cover Chennai and Ahmedabad in this phase with an objective to get along business hubs to draw together investors, decision-makers, senior government officials and the local business community in a stimulating dialogue that can spur the region’s industrial growth and manufacturing across 14 identified focus sectors.

The roadshows are being organised by the Jammu and Kashmir Trade Promotion Organization (JKTPO), a nodal agency for the Government of J&K along with Confederation of Indian Industry (CII) as the National Partner, Ernst & Young as the Knowledge Partner and Price Waterhouse Coopers (PwC) as the Media Partner.

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