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news details
CS discusses modalities for maiden 'Global Investors Summit'
11/17/2018 10:43:49 PM
Early Times Report

SRINAGAR, Nov 17: Chief Secretary BVR Subrahmanyam discussed modalities for the maiden 'Global Investors Summit' to be held in Jammu and Kashmir that will set the platform for businesses to make investments in a big way in the State.
On his arrival here on a three day visit yesterday, Chief Secretary chaired a meeting at the winter secretariat which was also attended by the Principal Secretary, Industries and Commerce, Shailendra Kumar and other officers of the state administration to review preparedness for 'Global Investors Summit'.
"There are unique challenges in Jammu and Kashmir but Governor's Administration is determined to overcome them. We are in the process of creating an ecosystem to attract investment from national and international businesses that will open up new vistas of employment in the state," Chief Secretary said.
Chief Secretary said Jammu and Kashmir has the best work force and talented youth available but due to the situational challenges, businesses have stayed away from making investments here.
Subrahmanyam said the state will not imitate such summits being held in other states of the country as Jammu and Kashmir offers unique opportunities, "If the summit works, a pattern will emerge that will set a benchmark for future investments. The idea behind the investor summit is to generate employment in a big way in J&K," he said. Chief Secretary said the State Government will hire a knowledge partner who will help in identifying the potential of focus sectors that will set the tone for the investor summit. "If a box of apples is sold for Rs 1500 in New Delhi, why should it sell for just Rs 300 in the Valley? We are determined to change this," he said. "There is a big Kashmiri Diaspora across the world. Our knowledge partner will help us in creating networks with them. Besides, we will tell the prominent business of the country that if they are doing so much for rest of the country, why not for J&K," Chief Secretary maintained.
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