Global Investors Summit 2020: Govt goes all out to woo industry captains, corporate leaders

Srinagar, Feb 7: Jammu and Kashmir government is putting up a grand show to attract the global corporate leaders and industry captains to invest in the union territory (UT) post abrogation of Article 370.
Centre has allotted Rs 50 crore for hosting the first ever Global Investors Summit-2020, which is scheduled to be held in April in both capital cities.
 “The amount will be spent on publicity, accommodation, travel, special cars and other arrangements for visitors,” said an official of the Industry and Commerce department.
Themed, ‘EXPLORE, INVEST and GROW’, the summit is aimed at bringing together entrepreneurs and corporate leaders from the world to invest in the UT.
“The event will hold strategic sectoral sessions, technical presentations, round table deliberations, partnerships, one-to-one business interactions and signing of the memorandum of understanding,” the official said.
Sight-seeing and familiarization tours for the guests have also been planned during the summit. “Several hotels along the banks of Dal Lake will be booked for the delegates. Adequate security arrangements are also being made for the delegates. They will also be shown the land which has been earmarked for outside investors and industrial areas,” he said.
Managing Director, J&K Trade Promotion Organization (JKTPO), Ravinder Kumar said final dates and list of delegates is yet to be finalized.
“It will take us two months for preparations for this big event. Centre has allotted Rs 50 crore. Exact dates and number of delegates is yet to be finalized. All arrangements are being made for the event,” he said.
Confederation of Indian Industry has been selected as the national partner while Earnest Young, Pricewaterhouse Coopers and Expro have been selected as knowledge, media and event partner respectively. J&KTPO is the nodal agency for the event. 
Government has also constituted a 13-member apex committee headed by Chief Secretary BVR Subrahmanyam for hosting the event. The committee will be responsible for overall departmental coordination necessary for successful conduct of the summit.
Last month, a pre-summit investor’s meet was held in New Delhi. Addressing the pre-summit, Lieutenant Governor Girish Chandra Murmu said for the first time the government was making an attempt to promote investment in J&K.
Government has also identified over 20,000 kanals of land and will be open for outside investors Manufacturing, IT, tourism and hospitality, film production, agriculture, milk poultry, wool production, silk processing, handlooms, handicrafts, healthcare, medicinal plants, education, skill development, infrastructure and real estate, have been declared high priority sector for investment .
“The investors Summit will provide an opportunity to allay fears and apprehensions from the minds of outside business community about investment in J&K. It will present immense opportunities to develop contacts between the local and outside business community and will provide not only primary employment but also generate secondary and ancillary employment opportunities for youth,” said the Chief Secretary.