In a move to woo investors from other parts of the country, the top bureaucrats of Jammu and Kashmir will be conducting roadshows and interacting with potential investors in the major cities like Bengaluru, Kolkata, Chennai, Hyderabad, and Ahmedabad, as a part of “pre-event activities” ahead of Jammu and Kashmir Global Investors’ summit 2020 to be held in April this year.
A statement issued by the administration on Friday stated that the Union Territory government has given sanction to send 54 bureaucrats to Bengaluru, Kolkata, Mumbai, Hyderabad, Chennai, and Ahmedabad. The roadshows and interaction with investors will commence on 17 February and will continue till 3 March.
The investors’ summit was initially scheduled in October last year, but it was postponed citing preparedness and security concerns. The UT administration is looking forward to attracting investments up to a Rs 10,000 Crores including IT, Food processing, biotechnology auto, and textile industries.
Lieutenant General G C Murmu’s principal secretary Bipul Pathak, Rohit Kansal, spokesperson of the administration and Principal Secretary, Planning, Development and Monitoring, Shahid Choudhary, Deputy Commissioner, Srinagar, and Sushma Chauhan, Deputy Commissioner, Jammu, are among the 10 members of the bureaucrats who’ll be travelling to Bengaluru on February 17.
Six other senior officials, including Commissioner/secretary to the government, School Education, Hridesh Kumar, and Deputy Commissioners of Udhampur and Baramulla will be heading to Kolkata for a roadshow on the same day.
10 bureaucrats including finance commissioner Arun Kumar Mehta, Doda Deputy Commissioner D Sagar Dattatry will be holding roadshows and meeting with investors in Mumbai on 21 February.
Nine state officials who will be visiting Hyderabad will include financial commissioner, health and medical education, Atal Dulloo, Commissioner secretary, industries and commerce, Manoj Kumar Dwivedi, and DCs of Srinagar and Pulwama. Nine officials will visit Chennai on March 5 and 10 bureaucrats, including DCs of Pulwama, Shopian, Bandipore, and Reasi, will be visiting Ahmedabad on March 9 to meet the investors.
On Friday, J&K Chief Secretary B V R Subrahmanyam chaired the second apex committee meeting to review preparations for the upcoming J&K Global Investors Summit 2020 to be held in the capital cities of Srinagar and Jammu.
The UT government in a statement said, “International roadshows are also being planned to attract foreign investment. Besides, mini-conclaves will be held at Srinagar and Jammu in March. The signing of Memorandum of Understanding (MoU) with interested investors will also form a part of the roadshows and the main summit.”
“The summit will not only help present business-friendly policies of the administration; identify business opportunities in J&K to participating trade and industry organizations but also “harmonize J&K’s intrinsic strength and aspirations of development and employment opportunities”, the UT administration said.
The newly formed union territory of Jammu and Kashmir which never witnessed any development after independence is on its way to progress with the first Global Investors Summit being held in capitals Srinagar and Jammu.
