Massive preparations underway for J&K Investors Summit

SRINAGAR — Gearing up for hosting first-ever investors summit in Jammu & Kashmir, the government on Tuesday set-up five committees for making the event successful.

According to reports reaching here, the General Administration Department today set-up five committees to finalize arrangement for the summit which was proposed much before abrogation of Article 370 by the BJP-led Central government on August 05.

The committees have been constituted nearly two weeks after J&K government held pre-summit investors meet in New Delhi. As per an order issued by the GAD, the empowered committee would approve routine expenditure items for the event.

The panel headed by Administrative Secretary, Industries and Commerce would also monitor invitation of tenders/fixing and finalization of rates and purchase orders for all required materials and services.

Other members of the panel are Director General Budget, Managing Director J&K Trade Promotion Organisation, Director Industries and Commerce Kashmir, Director Industries and Commerce Jammu, Director Hospitality and Protocol, Director Finance Industries and Commerce and Director Planning, Industries and Commerce.

The government has also constituted reception, accommodation, venue and exhibition management committee, traffic, security and transport committee, media and publicity committee and processing of proposals/Memorandum of Understanding committee.

According to the order, these committees shall meet on weekly basis or as and when required and submit feedback/report to the empowered committee after every 15 days which in turn shall place the same before apex and advisory committees.

It is worthwhile to mention here that government has 14 sectors, including Tourism, Health and Pharmaceuticals, Infrastructure and Real Estate, Energy and Power, Film sector, IT and ITeS, Education and Skill Development, for investments in J&K.