Lt Governor invited Gujarati Businessmen to Invest in J&K, 35 MoUs worth  Rs 2141 Crores inked.

Gujarati businessmen are successful worldwide and they should also explore the vast investment opportunities in Jammu & Kashmir said, Sh. Girish Chandra Murmu, Lieutenant Governor, J&K, while addressing the captains of the industry from Gujarat during the interaction jointly organised by Confederation of Indian Industry(CCI) and Government of J&K in Ahmedabad. He informed the industrialists that industrial barriers have been removed in J&K. Top business houses of Gujarat including Rasna, Cadila, Ambuja Group, Amul, Adani, Suzlon, Abellon Clean Energy and many others participated in the interaction.

The Jammu and Kashmir administration will ensure that jobs, lands and assets are protected for the people of the Union Territory as it invites investments after abrogation of the special status, its Lieutenant Governor GC Murmu said here on Monday.

The LG was addressing businessmen at a roadshow organised for the upcoming Jammu and Kashmir Global Investors'' Summit.

"Let me tell you, a lot of apprehension is there, and local people also have apprehension that if we open up Jammu and Kashmir, there will be a host of people coming from outside, and what about us?

"At this forum, I would like to say that although we have opened up everything, we will see to it that job, land and assets are protected for the (local) people, as it happens in Gujarat," Murmu said.

Murmu said J-K youths are proactive and competent, and there was no lack of skilled manpower, and industry setting up units there will create ample opportunities for them.

He said the J-K government is working to remove barriers and facilitate a single-window system in order to attract investment, and claimed that Jammu and Kashmir was witnessing a "paradigm shift" after the abrogation of Article 370 and 35 (A)

Piruz Khambata, CMD Rasna Pvt Ltd, Mr RS Sodhi, MD, Amul GCCMF, Mr Manish Gupta, MD, Ambuja Group and many other prominent industrialists from Gujarat called on the Lt Governor to discuss their investment plans in J&K. The Union territory of Jammu and Kashmir has drawn interest of Investors, Corporates, Business owners across India for the upcoming Jammu Kashmir Global Investors Summit.

With 6 domestic roadshows, which ended in Ahmedabad city today, the delegations led by  the Lt Governor, attended by over 150 delegates, 21 B2G meetings has signed  35 MoUs worth Rupees 2141 crore with big corporates, MNCs, Business Groups and Investors from different sectors.

J&K Government delegation also included Shri Kewal Kumar Sharma, Advisor to the Lieutenant Governor, Jammu & Kashmir, Shri Arun Kumar Mehta, Financial Commissioner Finance, Jammu & Kashmir, Shri Dheeraj Gupta, Principal Secretary, Housing & Urban Development, Jammu & Kashmir and Shri Manoj Kumar Dwivedi, Commissioner/Secretary Industries & Commerce, Jammu & Kashmir. The meeting was attended by Managing Director JKTPO, Director Industries and Commerce Jammu, MD JKI and Dy Commissioners of Pulwama, Shopian, Reasi, Bandipora.

Mr Kewal Kumar Sharma, Advisor to the Lieutenant Governor, Jammu & Kashmir assured all investors that Government will extend full support to attract investment into J&K.

Mr Arun Kumar Mehta, Financial Commissioner Finance, Jammu & Kashmir shared that J&K 2.0 is open for industry including private sector. He further said that J&K is expected to grow by approximately 10 percent for next ten years. GST collection has increased by 40 per cent this year which is highest percentage in country.

Mr Manoj Kumar Dwivedi, Commissioner/Secretary Industries & Commerce, J&K, highlighted six thrust areas covering 14 focus 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.

Mr Vinod Agrawal, Vice Chairman, CII Gujarat State Council & CMD Arunaya Organics Pvt Ltd, while welcoming J&K Government delegation and potential investors for the business interaction said Ahmedabad interaction is the final leg of domestic outreach programmes in the run upto J&K Global Investors’ Summit.

In the next phase of outreach initiative for the Global Investors Summit, JKTPO shall be organising Mini Conclaves in Jammu and Srinagar to sensitize residents.

The event was organised by Jammu and Kashmir Trade Promotion Organization (JKTPO), a nodal agency for Government of J&K along with Confederation of Indian Industry (CII) as the National Partner, Ernst & Young as the knowledge partner Media Partner PricewaterhouseCoopers (PwC).