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Business Economy

Govt to organise first J&K Investors' Summit from Oct 12

Jammu, Aug 13 (UNI) Jammu and Kashmir Government will organise the first-ever Jammu and Kashmir Investors' Summit 2019 to be held between October 12 and 14 at Srinagar and Jammu.
"The State Government has decided to organise the first-ever J&K Investors' Summit to attract investments in various sectors of the economy of the state and to showcase Jammu and Kashmir as a favorable investment destination," said Principal Secretary, Industry and Commerce and Tourism Department, Navin K Choudhary on Tuesday, while interacting with the media fraternity during a press conference here at Convention Centre.
Mr Choudhary briefed that the inaugural session of the summit will be held at SKICC, Srinagar on October 12, while the valedictory ceremony will be held at Jammu University on October 14.
Both inaugural as well as valedictory ceremony are likely to be attended at the highest level of the country, besides senior Ministers of the Union Government, various Secretaries to the Government of India, representatives of other State Governments as well as top industrialists and business groups of the country. Besides, there will be wide range of technical sessions covering various sectors of the economy will also be held.
Mr Choudhary revealed that J&K Trade Promotion Organization (JKTPO) will be the organizing agency of the State Government for holding the Investors' Summit and approximately 2,000 dignitaries of Industry and Trade will be sent invitation and a very good percentage of them are expected to attend the summit.
He said that despite short time available, the State Government has rolled out the mechanism to make the summit a success.
He informed that Confederation of Indian Industry (CII) has been roped in as the National Partner for the Summit and they will support the State Government by way of making list available of Industry and Trade to be invited, holding road shows both within and outside the country and other organizational aspects of the summit.
It was further informed that the State Government has already hired Ernest and Young (E&Y) as the Knowledge partner and Price Water House Cooper (PWC) as the Media management partner through transparent bidding process.
E&Y will be responsible to do the documentation of various policies, sectoral policies and other incentives available in the state.
The Principal Secretary further informed that roadshows have been planned within the country at various States including Ahmadabad, Mumbai, Hyderabad, Kolkata, Bangalore and Chennai.
In addition, the Road-shows will also be organised in countries like Dubai, Abu Dhabi, London, Netherlands, Singapore and Malaysia, he added.
He said that the objective of holding these Road-shows is to sensitize the potential investors regarding the opportunities available as well as support and incentives to be provided by the State Government.
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