J&K inks 35 MoUs worth Rs 2,641 Crores with investors from Gujarat, Lt Gov. Murmu interacts with industry captains

Ahmedabad: Lieutenant Governor of the union territory of Jammu and Kashmir G C Murmu today said that the industrial barriers have been removed in the newly carved union territory region and Gujarati businessmen who were successful worldwide should also explore vast investment opportunities in J&K now.

Meanwhile with 6 domestic roadshows, which ended in Ahmedabad city today, the delegations from J& K led by Lt Gov Murmu, has signed 35 MoUs worth Rs 2,641 crores with big corporates, MNCs, Business Groups and Investors from different sectors of Gujarat.

Addressing captains of the industry from Gujarat here today during the interaction jointly organised by Confederation of Indian Industry (CII) and the administration of J&K as part of the domestic outreach programmes in the run up to the upcoming J&K Global Investors’ Summit, Murmu informed the industrialists that industrial barriers have been removed in the newly carved union territory region.

Top business houses of Gujarat including Rasna, Cadila, Ambuja Group, Amul, Adani, Suzlon, Abellon Clean Energy and many others participated in the interaction cum road show here today. CMD Rasna Pvt Ltd Piruz Khambata, MD, Amul brand owning cooperative body GCCMF RS Sodhi, MD, Ambuja Group Manish Gupta, and many other prominent industrialists from the western state called on the Lt Governor to discuss their investment plans in J&K. The Union territory has drawn interest of Investors, Corporates, Business owners across India for the upcoming Jammu Kashmir Global Investors Summit.

The J&K delegation also included Advisor to the Hon’ble Lieutenant Governor Kewal Kumar Sharma, Finance Commissioner Arun Kumar Mehta,Principal Secretary, Housing & Urban Development Dheeraj Gupta, and Commissioner/Secretary Industries & Commerce, Manoj Kumar Dwivedi. The meeting was attended by Managing Director JKTPO, Director Industries and Commerce Jammu, MD JKI and Dy Commissioners of Pulwama, Shopian, Reasi and Bandipora.

Sharma on the occasion assured all investors that the administration of the union territory would extend full support to attract investment into J&K. Mehta said that J&K 2.0 was open for industry including private sector. It was expected to grow by approximately 10 percent for next ten years. GST collection has increased by 40 per cent this year which is highest percentage across the country.

Dwiwedi highlighted six thrust areas covering 14 focus sectors including Tourism, Film Tourism, Horticulture & Post Harvest Management, Agro and Food Processing, Mulberry production for silk, Health & Pharmaceuticals, Manufacturing, IT/ ITes, Renewable Energy, Infrastructure and Real Estate, Handloom and Handicraft and Education.

Vice Chairman, CII Gujarat State Council & CMD Arunaya Organics Pvt Ltd, Vinod Agrawal, while welcoming J&K delegation and potential investors from Gujarat said that today’s event was the final leg of domestic outreach programmes in the run upto J&K Global Investors’ Summit. In the next phase of outreach initiative for the Global Investors Summit, JKTPO shall be organising Mini Conclaves in Jammu and Srinagar to sensitize residents. This shall be followed by a roadshow in Dubai/ UAE and Ambassadors roundtable to be held in Delhi to connect with global investors community.


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