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J-K to host 3-day global investors summit in Srinagar from October 12

Seeking to attract businesses to Jammu and Kashmir, the state administration announced a three-day global investors summit to be held in Srinagar from October 12.

The meet will provide J-K an opportunity to showcase its strengths, strategies and potential, the state's Principal Secretary (Industries), Naveen Choudhary, told reporters.

The announcement comes a week after the Centre scrapped special status to Jammu and Kashmir under Article 370 of the Constitution. Among the reasons cited was that the provision had restricted the state's industrial growth and development.

The Confederation of Indian Industries (CII) will be the national partner for the investors meet. An MoU has been signed by Jammu and Kashmir Trade Promotion Organisation (JKTPO) and CII for organisation and management of the event.

Trade and industry organisations will come to know firsthand about the business- friendly policies of the government, assess infrastructure, natural resources, raw material and skill and un-skilled manpower available and identify business opportunities in the state through the summit.

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