‘With over 55 pc green space, UT offers great place to live, work’
STATE TIMES NEWS
GUJARAT: Lieutenant Governor Manoj Sinha on Friday invited industrialists from India and abroad to invest in the Union Territory, saying investing in Jammu and Kashmir means investing in the unity and integrity of Bharat.
“Investing in J&K offers a unique opportunity to tap into UT’s potential brimming with raw material, better incentives, high productivity for the niche market, high potential of value addition, robust infrastructure and high level of innovation, research and development,” he said while participating in the special session on ‘Investment opportunities in J&K’ at Vibrant Gujarat Global Summit
J&K attracts investment proposals worth Rs 90,000 Cr
GUJARAT: Lieutenant Governor Manoj Sinha on Friday said that due to reforms and progressive policies, Jammu and Kashmir has attracted investment proposals worth Rs 90,000 crore in a very short span of time.
“We are determined to leverage the strength in different sectors and help the companies to invest and expand in J&K”, he said while addressing the Valedictory Session of the Vibrant Gujarat Global Summit, presided over by the Union Home and Cooperation Minister Amit Shah.
The Lt Governor expressed his gratitude to the Home Minister Amit Shah for accelerating the industrial growth in Jammu Kashmir.
Earlier, Jammu Kashmir was known for other reasons. Today, the Prime Minister Narendra Modi and Home Minister Amit Shah have made J&K UT capable enough to actively participate in global investment events like Vibrant Gujarat Summit, he said.
Under the leadership of the Prime Minister and the Home Minister, J&K is realising its true potential. Concrete steps are being taken to dismantle the entire terror ecosystem. We are making dedicated efforts to create a competitive and stable business environment for companies to capture investment opportunities across J&K UT’s dynamic industrial sectors and foster global partnership and collaborations to transform J&K into a modern industrial region, the Lt Governor said.
J&K offer the best incentives and a supportive environment for the investors. I invite industry leaders to invest in Jammu Kashmir and contribute to the growth journey of the Union Territory, the Lt Governor further added.
Vibrant Gujarat Global Summit has become a powerful platform that will pave the way for new investment possibilities across the country, he said.
He also highlighted the significant role of National Education Policy in achieving the goal of Viksit Bharat and driving the growth of the economy in the future.
The Lt Governor said J&K is a great place to do business because our economy is strong, continues to grow and it is diverse. With more than 55 per cent green space, it offers a great place to live and work. Urban transformation has also ensured quality living in the cities, he added.
Ease of doing business, less compliance burden, physical and digital connectivity and major policy reforms makes J&K an attractive trade and business location, he added.
The Lt Governor highlighted the thriving investment landscape of J&K and unique economic opportunities the UT has to offer in various sectors.
Under the leadership of Prime Minister Narendra Modi, J&K has developed a strong investor-friendly environment, economic stability, highly skilled manpower and tremendous opportunities in tourism, hospitality, agriculture, horticulture, handicraft & handloom, IT and manufacturing, the Lt Governor said.
He said the unprecedented transformation in Jammu Kashmir in the last few years has created a conducive, secure and dynamic environment for long-term future for investments.
The Lt Governor also reiterated the commitment of the J&K Administration to promote entrepreneurial culture in the UT. Recently J&K received Gold Medal in the One District One Product ranking, which indicates strong local entrepreneurship, he said.
Vikramjit Singh, Commissioner Secretary, Industries & Commerce Department, J&K gave a presentation on investment opportunities in Jammu Kashmir.
J&K Government through Industries and Commerce Department also inked MoUs with several industries.
The session was organized by Jammu & Kashmir Trade Promotion Organisation (JKTPO) in collaboration with The Associated Chambers of Commerce & Industry of India (ASSOCHAM).
Harsh Sanghvi, Minister of State for Home and Industries, Government of Gujarat; Dr Mandeep Kumar Bhandari, Principal Secretary to Lt Governor; Chintan Thaker, Chairman, ASSOCHAM Gujarat; senior officers of J&K Government; members of ASSOCHAM and representatives of industries and business community were present.
LG meets business leaders; discusses potential, incentives for doing business
J&K Govt inks MoUs worth Rs 3,000 Cr at Vibrant Gujarat Global Summit
GUJARAT: On the sidelines of Vibrant Gujarat Global Summit at Gandhi Nagar, the Lieutenant Governor Manoj Sinha on Friday met business leaders and discussed the potential and incentives for doing business in Jammu Kashmir.
“J&K Government has inked Memorandum of Understanding (MoUs) worth Rs 3,000 crore in different sectors during the Vibrant Gujarat Summit and we hope to see more investment in the future,” the Lt Governor said.
He said the high quality infrastructure, skilled and trained manpower, strong and diverse economy, ease of living and ease of doing business, digital infrastructure and unique potential in Agriculture, Tourism, Health Care and Manufacturing makes Jammu Kashmir one of the most attractive investment destinations. He assured all the necessary support from the UT Administration to the investors.
