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J&K reaches out to Investors at Financial Capital

Global Investors’ Summit

Mumbai, February 21 | Riding on the success and enthusiastic response seen during previous two roadshows in Bengaluru and Kolkata, the delegation of Jammu and Kashmir Government, under the leadership of Lieutenant Governor Girish Chandra Murmu, organised another roadshow at Mumbai. Presenting immense opportunities in-focus areas of Entertainment, Manufacturing, Food Processing, Film and Tourism sectors, the roadshow inspired investments in the newly formed UT.

The Jammu and Kashmir Government has organised this roadshow with a view to invite investors for setting up Film studios, Film Cities, Film Institutions, Multiplexes with film exposed workforce as per new draft Film and Tourism Policy.

The inaugural session was presided by Advisor to Lieutenant Governor, Kewal Kumar Sharma, in which senior government officers, Arun Kumar Mehta, Finance Secretary; Rohit Kansal, Principal Secretary Planning Development & Monitoring; Manoj Kumar Dwivedi, Commissioner Secretary, Industries & Commerce; Zubair Ahmad, Secretary Culture and Tourism; Ravinder Kumar, MD JK Trade Promotion Organisation, Doifode Sagar Dattatray, Deputy Commissioner Doda, Anoo Malhotra, Director Industries and Commerce Jammu, Bashir Ahmad Deputy Commissioner Anantnag, also participated.

Lieutenant Governor Girish Chandra Murmu, chaired the B2G meeting sessions along with Kewal Kumar Sharma, Advisor to Lieutenant Governor; BVR Subrahmanyam, Chief Secretary Jammu and Kashmir and held extensive deliberations with corporate heads, industrialists, film industry leaders and briefed them about the potentials, investment opportunities and investible projects ready for investment in J&K. A series of round-table discussions led by Administrative Secretaries and HODs were also organised on strategic sectors to seek investment for maximizing industrial growth and enhancing employment opportunities.

A video filming the investment potential of J&K was played followed by a detailed presentation by Manoj Kumar Dwivedi, Commissioner Secretary, Industries & Commerce who highlighted 14 Focus sectors and initiatives taken by Government to improve the industrial ecosystem in Jammu and Kashmir. It was followed by a video on pristine locations and tourism potential of Jammu and Kashmir which received wide appreciation from participants. Rohit Kansal, Principal Secretary Planning Development/Monitoring and Information made a presentation on Film Tourism.

Kewal Kumar Sharma, Advisor to Lieutenant Governor, Jammu & Kashmir applauded the investors for exuberance towards J&K government and asserted that J&K is ready for investment in view of attractive 14 sector-specific policies.

Arun Kumar Mehta, Financial Commissioner, Finance, informed about the status of the economy of J&K, highlighting the growth in GST which at present is 40%. He emphasized upon huge scope and space for private sector investment in J&K.

Kashmira Mewawala, Chairman, CII Maharashtra State Council, while addressing the participants focussed on the strengths of J&K and briefed the audience that J&K has shown immense interest in providing an enabling environment and tap available opportunities, in the roadshow.

Vinod Haritwal, CEO Director Grauer and Weil (l) Ltd, shared his experiences of working in J&K on the occasion. He strongly allayed apprehensions of security-related disturbances on the growth and profits in the industrial sector in Jammu and Kashmir.

S.K. Bansal prominent industrialist in J&K also shared the dias.

Prominent industries groups & Leaders including representatives from Taj, Carnival Films, Volkswagen India, Hinduja, Ambuja Cements, Mahindra Holidays, Kotak Mahindra Bank, Bayer, Lark and others were present on the occasion.

The event was attended by more than 150 delegates. More than 30 B2G meetings were held across various sectors in which 24 MoUs valuing about Rs. 2450 crores were signed during the roadshow.

The upcoming roadshows will further cover other industrial and economic hubs like Hyderabad, Chennai, Ahmedabad in March 2020 which have been planned with an intent to draw together business hubs, investors, decision-makers, senior government officials and the local business community in a stimulating dialogue that spurs the investment and economic development of Jammu and Kashmir

The roadshows are being organised by Jammu and Kashmir Trade Promotion Organization (JKTPO), a nodal agency working under department of Industries and Commerce, Government of J&K, along with Confederation of Indian Industry (CII) as the National Partner, PricewaterhouseCoopers (PwC) as media partner and Ernst & Young as the Knowledge Partner.

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