Excelsior Correspondent
JAMMU, Sept 23: Seeking to promote Jammu & Kashmir a good place to do business, a high profile Government participation, led by Chander Parkash Ganga, Minister for Industries & Commerce, participated at CII Invest North Summit held in Delhi.
The Minister said that Government is developing the industrial infrastructure including the expansion of existing industrial estates and also establishing new industrial estates in the State for which the process of creating land bank is under process.
“The Government mulls measures aimed at improving the competitiveness and capabilities of local entrepreneurs and promoting structural transformation in the industrial sector,” he said and added that the J&K needs business bodies to augment the efforts of the State Government so that industrial landscape of the State can be expanded.
Amit Sharma, Managing Director, JKSIDCO, gave a detailed presentation on Investment Climate, Policies & Investment Opportunities in the State and assured the participants that Corporation will continue to nurture and promote building blocks of J&K economy.
Phase III of Samba Industrial Estate, is coming up in a big way along with one more industrial estate in Kathua district, he added.
Speaking earlier, Rumjhum Chatterjee, Chairperson, CII Northern Region & Group Managing Director, Feedback Infra Pvt Ltd, said that CII was committed to the development of J&K and has been leading many initiatives. CII has also been working at the forefront for the development of Industry in J&K through policy inputs to the Government of J&K and have recently submitted a proposed Start up Scheme for consideration of State Government, she added.
Sheikh Imran, Chairman, CII J&K State Council & Director, Kashmir Sunsilk Industries Pvt Ltd, in his remarks, said that Jammu and Kashmir offers boundless investment opportunities to the prospective investors.
C Haridas, Vice President, Blue Star; Rajeev Ranjan, Sr Vice President, Dabur India Ltd and D S Bharara, Vice President, Associated Container Terminals Ltd, shared their experience of doing business in the State, cherished the speedy clearance system and transparent investment policy of Jammu & Kashmir.
On the sideline of the conclave, in series of B2G meetings of Jammu & Kashmir State, investment worth Rs 615 crore was discussed with J&K Government officials.
Potential investment discussed across sector including steel, digital education, manufacturing, construction, waste recycling, solar, telecom etc. Major firms which took part in the deliberations were Starwire, Chinese firm ‘Hubei Yingtong’, Winsome Group, GRS India etc.
The 5th edition of CII Invest North is being held from 22-23 Sept at New Delhi. The event is partnered by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, GoI and states of Haryana, Himachal Pradesh, Punjab, Rajasthan, Jammu & Kashmir and Uttarakhand. Over 650 delegates from across the country and diplomats from over 35 countries are participating in the event, to explore investment opportunities in various northern States.
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