New Delhi- Continuing his efforts to bring in more investments into the Union Territory, Lieutenant Governor Manoj Sinha on Tuesday invited country’s industry leaders to invest in Jammu and Kashmir, asserting that the erstwhile state is offering investors endless possibilities and a partnership in a strong profitable growth.
“I invite the industry captains to experience the urban transformation happening in our cities like Jammu and Srinagar and invest in the UT of J&K. This will also be your contribution to strengthen the nation’s unity. I assure every support and assistance from the UT administration,” Sinha said.
He was addressing the Engineering Export Promotion Council of India (EEPC India) National Export Awards function here on Tuesday. He also felicitated the recipients of the prestigious Awards for fiscal years 2019-20 and 2020-21.
“Now, we have a favorable environment, connectivity, young talent, an improved security scenario and all the infrastructure for industrial growth,” he said.
At the award ceremony, the LG shared the efforts of his administration to optimize the immense potential of the business and Industry sector in Jammu Kashmir.
“Jammu Kashmir is offering the investors endless possibility and a partnership in strong profitable growth. If you are looking at the big picture and ready to capture a new segment, then Jammu Kashmir is your new destination,” he said.
The LG said that the industry department of Jammu and Kashmir at present has business proposals worth over Rs 86,000 crore and work is underway to bring them on the ground.
He also informed that the UAE-based Emaar Group has announced plans to develop a shopping mall and an IT tower in Srinagar.
”I request you to come and invest. Huge opportunities are there in different sectors. We are providing better incentives than other states to set up industry,” Sinha said.
The incentives include cheap power tariffs, capital investment incentives and interest subvention, he added.
He also said that tourist inflow has increased and it is expected to reach over 2.25 crore this year, as against 1.88 crore last year.
”Jammu and Kashmir offers you endless opportunities,” the LG said, adding the number of trains and flights connecting the Union Territory are also increasing.
Sinha called upon the industry leaders, EEPC India and other stakeholders for creating new opportunities for businesses in engineering goods and services.
“Our inclusive vision will not only bring prosperity but it will also ensure that new technology and innovations contribute to efficiency and productivity and also focus on equitable and sustainable growth for ‘Viksit Bharat’” he said, adding that he was fully confident about the ability of the engineering sector to translate India’s dreams into reality.
Earlier, the LG congratulated the award winners of the 52nd and 53rd EEPC India National Export Awards and hoped that their achievements would inspire others for sustained excellence in engineering goods export in the years ahead.
“India is a global bright spot under the leadership of Prime Minister Narendra Modi and today we are not only contributing to global growth but also accelerating our own economic progress,” he said.
He said the emergence of ‘Engineering Goods’ as one of the major contributors to export growth and its 7.2 percent growth in comparison to previous year, shows the relentless efforts of our dynamic entrepreneurs and EEPC India with an aim to promote ‘Make in India’ and to establish our capability across the globe.
Arun Kumar Garodia, Chairman EEPC India; Pankaj Chadha, Vice Chairman, EEPC India; Pradeep Kumar Aggarwal, Regional Chairman, Northern Region, EEPC India; Suranjan Gupta, Executive Director and other members of EEPC India, industry leaders and exporters were present on this occasion.
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