Srinagar, August 14: Implying on giving a major boost to development and inviting investors to pitch in the crown state of Jammu and Kashmir, the state is all set to host the first-ever investors summit here with a three-day event planned for investors starting from October 12. Hosting the Investors Summit in Jammu and Kashmir could be an opportunity to showcase the potential that the newly-formed union territory has.
Speaking to the media about the investors summit, NK Chaudhary, Principal Secretary (Commerce & Industry), Jammu and Kashmir, said that the Investors Summit would take place in the erstwhile state between October 12 and October 14. "J&K has decided to host Investors Summit from 12-14 October. This will be first-ever global summit hosted here till date. The inaugural session of the summit will be held in Srinagar on October 12," he said.
Prime Minister Narendra Modi, in his address to the nation after Article 370 was revoked, had said that the people of Jammu and Kashmir would now have massive opportunities to enjoy peace and prosperity. The special status given to the state restricted investors and businessmen to explore the wide arenas of investment in the state.
It has been learnt that a number of infrastructure projects could be jumpstarted to help Jammu and Kashmir while key union ministries have reportedly been asked to identify projects that could bolster the union territory and help in creating employment. The planned Investors Summit too could be a step in the direction towards more employment opportunities, especially for the youth.