Gujarat's CII Plans To Build Economic Partnership In Kashmir

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Gujarat’s CII Plans To Build Economic Partnership In Kashmir

| Updated: August 5, 2022 20:26

A 14-member delegation of the Confederation of Indian Industry (CII), Gujarat led by its Chairman Anand Desai met Jammu & Kashmir (J&K) Lieutenant Governor Manoj Sinha for building strategic economic partnerships for industries. More than 30 industries joined for the industry round table meeting to discuss various investment opportunities in J&K.

The members of the delegation appreciated the Industry-friendly and investment-supportive policies brought in by the UT administration. The Business delegation also shared the pleasant experience of their visit to the Industrial Areas of J&K and the interactions with the representatives of Industries and the UT administration.

The Lt Governor while interacting with the members of the delegation said that the UT administration is steadfast in promoting an Industrial eco-system in J&K for which investment proposals of Rs 56000 crores have already been received by the Department of Industries and Commerce, J&K, besides the development of private industrial estates.

Devansh Yadav, IAS, Managing Director, J&K Trade Promotion Organization enlightened the Gujarat Delegation on investment opportunities in J&K in sectors such as startups, energy sector, food – agriculture and allied sectors and invited CII Gujarat industries to explore more opportunities in the UT. The Department of JKTPO gave a brief Presentation on the various benefits, promotional schemes and policies which will help investors and industrialists to come and invest in J&K.

Observing that the Road and Tunnel projects worth Rs One lakh crore are currently under execution in the UT, the Lt Governor said that with the completion of the Jammu-Srinagar Highway and the Delhi-Katra expressway, J&K would have a Greenfield expressway, besides next year Kashmir would be connected to Kanyakumari via rail connectivity. The number of flights to and fro Jammu & Srinagar has also seen significant growth in the last few months creating an enabling environment for the rapid growth of the industrial sector in the UT, he added.

The delegation comprised Anand Desai, Chairman CII Gujarat, Vinod Agrawal, former Chairman CII Gujarat, Syed Javaid Syed, Chairman CII J&K, Khurshid Dar, Head CII J&K, besides other office bearers of the organization apprised the Lt Governor of their visit to Jammu and Kashmir to explore avenues for business and building strategic economic partnerships for industries.

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