Security environment in JK congenial for MNCs: Omar

Ratan Tata Calls On CM


Srinagar, Oct 5: The security environment in Jammu and Kashmir is congenial for multinational companies to come to the state and help in its economic growth, Chief Minister Omar Abdullah today said.
During a luncheon meeting with top businessmen of the country including Ratan Tata and Kumar Manglam Birla besides Kashmiri entrepreneurs, Omar spoke about the various areas where India Inc could step in and help in rebuilding the economic sector of the state, sources privy to the meeting said.
Congress leader Rahul Gandhi, who was also present at the meeting, asked business leaders to look for ways and means for spreading their trade to the state.
Talking about the state, Omar said the security situation in the state has shown considerable improvement and his government’s main aim was focused on reducing the unemployment.
The improved security situation should instill confidence among the business houses, he said.
Sharing the thoughts, Tata group Chairman Ratan Tata said that India Inc would definitely like to be an economic stake holder in the state.
Besides Tata, Aditya Birla group Chairman Kumar Manglam Birla, HDFC Chairman Deepak Parikh and Managing Director of Bajaj Auto Rajeev Bajaj, Chairman of Sun Silk Sheikh Imran, Managing Director ‘Tresh’ (mineral water) Farooq Amin were present at the meeting.
The business leaders had arrived here for interaction with the students of Kashmir University, a programme being organised by Rahul Gandhi.
Omar said the vast talent of students needed to be tapped and the India Inc could play a major role in this regard.
Some of the industrialists present at the meeting including Tata assured that their companies would hold campus recruitments.
Earlier, Tata met Omar at the latter’s official residence and expressed his desire to expand his group's activities in the state.
During the meeting, they explored the possibility of cooperation in information technology, hospitality, agro-product and horticulture sectors, the sources said.
Both agreed that a top-level delegation from the state government and the Tata group will meet soon to discuss mutually beneficial areas.
The 74-year-old industrialist recalled his fond memories of visits to the Kashmir Valley with his grandfather and stay at a house boat in Nigeen Lake.
Omar extended an invitation to Tata to relive his childhood memories.
Appreciating the initiatives taken by the State Government for industrialization and providing package of concessions for investors, Rattan Tata said that he would explore possibilities of enhancing its association with Jammu and Kashmir trade and industry.
Tata said that the endeavors of Chief Minister Omar Abdullah to create jobs for educated youth in open job market by enhancing their skills and employability is laudable and Indian industry has a role to contribute in this stupendous task. He said that Jammu and Kashmir possesses vast potential for investors in various sectors.
Omar Abdullah stressed on the need of large scale investment by the Indian business houses in the State in potential sectors of agriculture, health, education, software engineering, food processing, information technology, tourism, leather industry, handicrafts, handlooms, horticulture, cultivation of medicinal plants, generation of hydro power and utilization of biomass for energy production besides other sectors.
The Chief Minister also emphasized the role of private sector to provide employment to the youth of Jammu and Kashmir. He said youth of Jammu and Kashmir are second to none in their ability and enthusiasm. “They can easily prove their mettle and capacity if given suitable chances”, he added.
Omar Abdullah asked Rattan Tata to be part of the economic growth and development in Jammu and Kashmir in a bigger way by investing here and also persuading other industrialists for the same. “The atmosphere is conducive for investors to invest and create symbiotic relations with Jammu and Kashmir trade and industry”, he said.


Chief Minister Omar Abdullah Friday expressed his admiration and high regards for Ratan Tata, saying the Tata Group chairman was someone that he had always looked forward to playing host to.
"Hosting Mr Ratan Tata for breakfast at home in a few minutes. He's someone I have a lot of admiration for, so am looking forward to this," he tweeted Friday morning.
However, as Tata reached here with a group of other top corporate honchos, his breakfast meeting with the Chief Minister had to be deferred because of Tata's tight schedule.
"Mr. Tata was to go to the University with (Congress General Secretary) Rahul Gandhi. He reached here around 10 a.m. Although he met the Chief Minister, the two could not have breakfast together. They are likely to meet for lunch later today," official sources told IANS.
On Gandhi's initiative to bridge the gap between the Indian corporate world and Kashmiri youths, Tata had a fruitful two-hour long interactive session with the students of Kashmir University at a jam-packed auditorium at the varsity's Hazratbal campus.
The Tata Group chairman promised to launch internship programmes for Kashmiri students to further their employment prospects.
Replying to a question from a local student during the interaction, Tata said: "We always look for people with merit. Tata Group of Companies will get into contact with the University of Kashmir to launch an internship programme so that the local students can work side by side for permanent employment. It is a commitment given by me."
"We shall have these internship programmes in Kashmir, for Kashmiris and by Kashmiris," he said to loud applause from the gathering.
Other top names from the corporate world present at the interaction were K.M. Birla of Aditya Birla Group, Rajiv Bajaj of Bajaj Auto, Deepak Parekh of HDFC and Ashoka Reddy of MindTree job consultancy/placement company.

Lastupdate on : Fri, 5 Oct 2012 21:30:00 Makkah time
Lastupdate on : Fri, 5 Oct 2012 18:30:00 GMT
Lastupdate on : Sat, 6 Oct 2012 00:00:00 IST

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