J&K goes all out to woo investors through roadshows
The investor summit is expected to take place during May-end this year and the UT is expected to attract more investments at the event across multiple sectors
The newly formed Union Territory of Jammu & Kashmir has received investment commitments to the tune of Rs 9,000 crore during the roadshows that it has held across various cities so far, a senior government official said here on Monday.
“We have inked MoUs to the tune of Rs 9,000 crore so far,” Ravinder Kumar, managing director, Jammu & Kashmir Trade Promotion Organization (JKTPO), told TOI on the sidelines of its roadshow in Hyderabad.
He pointed out that the investor summit is expected to take place during May-end this year and the UT is expected to attract more investments at the event across multiple sectors.
At Hyderabad, the delegation showcased opportunities in tourism, handicrafts, biotechnology, healthcare, horticulture, pharmaceuticals as well as services sector, especially IT/ITeS.
Simrandeep Singh, MD, J&K IT Infrastructure Development Corporation, said, “In order to give impetus to the growth of IT/ITeS sector in J&K, the government is developing two mega IT hubs in Jammu and Srinagar.”The Hyderabad roadshow was attended by over 150 delegates and 20 one-to-one meetings were held. Some of the corporates that participated include Ramoji Films, GMR, Virinchi Hospitals and IL&FS, among others. The next roadshows will be in Chennai and Ahmedabad.