Led by Lieutenant Governor Girish Chandra Murmu, the officials pitched about the business possibilities in Kashmir valley to India Inc.
Kansal said the union territory has signed around Rs 2,000 crore worth of non-binding MoUs in Kolkata, Rs 850 crore in Bengaluru and over Rs 2,100 crore in Mumbai.
J&K has identified 14 sectors, including horticulture, food processing, manufacturing, infrastructure, media and entertainment, film and tourism, to attract investments, he added.
Kewal Kumar Sharma, Advisor to Lieutenant Governor of Jammu and Kashmir said, "We are in the final stages of designing an ambitious Industrial Promotion Policy 2020 in J&K, which will have elements like SGST reimbursement in full, attractive land policy, exemption from stamp duty, support for green industrialisation along with other benefits."
At #JKGISMumbaiRoadshow, Shri Girish Chandra Murmu, Hon'ble Lt. Governor, J&K, along with Shri Kewal Kumar Sharma, Advisor to Hon'ble LG, J&K, Shri B V R Subrahmanyam, Chief Secretary, J&K, exploring opportunities with Shri @udaykotak, MD & CEO, @KotakBankLtd during #B2G session. pic.twitter.com/pW8tYFHWdD
— Invest J&K (@InvestinJK) February 21, 2020
When asked about the ground situation in the union territory, he said it is much better than what it was a few months back.
"We're talking about investments in the long term. You're not talking about today, given today's situation (is) much better than what it was, let's say, a few months back. So things are improving, I don't see this becoming a problem for any investment," he added.
The Centre had in August revoked Article 370 to take away J&K's special status.
Sharma said J&K provides opportunities for Bollywood with religious and heritage sites, dense forests and waterfalls, among others.
"Jammu and Kashmir provides huge opportunities to set up film studios, film cities, film institutions, multiplexes with film exposed workforce as per new film tourism policy," he added.
J&K Commissioner Secretary Manoj Kumar Dwivedi said the union territory has a lot of inherent potential with appropriate climate for agriculture, vibrant tourism ecosystem and a huge land bank.
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