Lieutenant Governor Manoj Sinha on Tuesday addressed the Gulf Countries’ Investment Summit at SKICC, Srinagar which is aimed at providing a platform for the foreign business delegates to explore a host of investment opportunities in the UT of Jammu & Kashmir.
Speaking on the occasion, the Lt Governor highlighted the scope for J&K and GCC companies’ economic cooperation to make J&K UT, paradise on earth, as the most beautiful investment destination in the world.
The Lt Governor said that the visit of CEOs of top companies, entrepreneurs, start-up representatives, exporters in J&K is an expression of confidence of the industry leaders in the potential for business cooperation between J&K and Gulf countries.
The CEO of Century Financial, Bal Krishen, a native of Jammu’s Doda region, who headed the delegation of businessmen said that the delegation has visited J&K with a clear mindset for investments.
He termed the visit of business delegates from the Gulf a huge step towards growth and development of UT, and said that it will lay a strong foundation for a better and prosperous future where dreams and aspirations transform into reality.
He called for a joint effort between Government and businessmen to create opportunities for the welfare of people in J&K and lauded the UT Government for providing the people with the right opportunities and Ease of Doing Business. He also urged the delegates to seriously consider the local talent from J&K.
Since 2014, India’s relationship with Gulf countries has undergone a massive evolution which is being translated into a vibrant, revitalised economic partnership with J&K that will not only diversify our export basket but will also create a conducive environment for the expansion of the existing trade, the Lt Governor observed.
“We have worked with a coherent framework in the last two years to harness immense natural resources, economic potential of J&K,” said the Lt Governor.
Under the guidance of Prime Minister Narendra Modi and Home Minister Amit Shah, we have also worked out a blueprint to unlock investment flows from compliance and restrictions, he said. Over Rs 70,000 crores worth investment proposals have been received within a year, he added.
We promise to provide global standard end-to-end facilities for the businesses, skilled workforce, transparent and hassle-free regulatory mechanism, and creation of necessary infrastructure wherever required, the Lt Governor said.
“Since my Dubai Expo visit earlier in January this year, many foreign companies from UAE have announced long-term plans for J&K. We are ready to take the relationship to a qualitatively new level and strengthen our economic partnership”, he added.