Global investors' summit likely next spring

Greater Kashmir

The global investors’ summit is likely to be held in coming spring in J&K, with business tycoons from across the country and global firms expected to participate in the high-profile business event.

An official said the final dates for the summit were yet to be finalised.

“It is likely to be held coming spring. Once the dates are finalised the invitations will be sent to the delegates,” said the official.

An official said the government was expecting investors from across the country and some global firms to have threadbare discussions on investment in J&K.  Many Union ministers are also likely to attend the summit.

The official said representatives from business houses like Confederation of Indian Industries(CII), CEOs of multi-national companies, and authorities from public sector undertaking companies including National Highway Authority of India, National Hydroelectric Power Corporation, National Thermal Power Corporation(NTPC)  were also likely to will also participate in the summit.

Besides, the official said the J&K government departments will also be part of the mega business event.

“The idea is to streamline investments in J&K and also ease setting up of industries here,” said another official.

He said the government was targeting investors from 14 identified sectors including tourism, agriculture, horticulture, poultry, health and wellness, herbal medicinal and some other manufacturing and logistics.

“It will be a platform where the investors will get an insight on how to set up their businesses in J&K without any hassle,” said the official, adding the existing policies and logistics with the departments concerned will also be discussed.

“The idea is to involve all and find ways to attract the investment to J&K,” explained the official.

In a bid to smoothen the process, the existing business and investment policies of different departments were being “reviewed” to make them investor-friendly.

“The government is also taking feedback from departments and industrialists,”’ said the official.

He said the leading businesses men from J&K will have discussions on trade and investment with industrialists from within the country and abroad.

The officials claimed the investors’ summit of “such a magnitude” was being held for the first time in J&K.

“We had a summit here before 90s. However, it was a small event considering the magnitude this summit is expected to have,” said the official.