Investors from eight countries and seven union ministries, besides delegates from within country and abroad have been targeted for the participation in upcoming ‘J&K Investor Summit-2019’ to be held in Srinagar and Jammu in October.
The information was given by CII to Advisor to Governor, KSkandan, on Friday during a meeting held to review the preparedness of theinvestor summit, according to an official spokesperson.
The representatives of Federation of Indian Chambers ofCommerce and Industry (FICCI) and Confederation of Indian Industry (CII) gave adetailed presentation to the advisor over the proposed investor summit in Jammuand Kashmir. The representatives informed that the summit is aimed to set aplatform for the businesses to make investments in a ‘big way’ in the state, itsaid.
To review preparedness for the summit, the session was also attended by the Principal Secretary,Industries and Commerce (I&C) Department, Navin Kumar Choudhary, Special Secretary I&C, AS Chib, MD JKTPO, SIDCO, RavinderKumar, Director I&C Jammu, AnooMalhotra, Director I&C Kashmir, Mahmood A Shah and other officers of thestate administration.
The advisor, while speaking during the occasion, suggestedthat in order to woo the investors, at least six domestic locations and fourinternational locations must be selected for the road shows.
Advisor Skandan told the CII and FICCI representatives totarget maximum investors, besides Indian and Kashmiri expatriates during theiroverseas road shows.
It was given out that two proposed venues have beenselected; one in Srinagar and another in Jammu. The proposed three-day summitwould have sectoral sessions at both the cities for which detailed plan wouldbe worked out between the J&K Government and the business associationsinvolved, the statement said. Srinagar would host the summit’s inauguralsession while Jammu would host the valedictory session, it was informed.
The advisor said that the proposed summit is going to be awatershed moment in the State’s industrial journey.
In its presentation, CII said that the summit would targetthe investors from around eight countries, seven central ministries forparticipation, besides it would attract potential investors and delegates fromIndia and abroad.
The representatives sought more suggestions from the stategoernment to make the investment a grand success. The event would also seesigning of agreements, MOUs and exhibitions.
In its presentation, FICCI informed that the associationwould also invite their members.