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NATION JANUARY 19, 2024 | The Indian Eye 8

At Vibrant Gujarat Summit, calls

for major investments in post-370

Jammu & Kashmir

Emmar Group is developing 10 lakh square feet area in the Union Territory, with UAE-based

Lulu Group set to take two floors for a retail mall

OUR BUREAU
Gandhinagar (Gujarat)

nion Home Minister Amit Shah has ap-
pealed to industrialists in Gujarat to ex-
Upand their businesses in the northern part
of the country, and Kashmir in particular. “I would
like to tell Gujarati industrialists, in case they want
to expand towards the north, then please invest in
Kashmir. By doing so, please support Prime Min-
ister Narendra Modi’s initiative in mainstreaming
Kashmir,” Shah said, addressing the Vibrant Gu-
jarat Global Summit, with Lieutenant Governor of
Jammu and Kashmir Manoj Sinha in the audience.
Using Vibrant Gujarat Global Summit as a
platform, Manoj Sinha too made a similar appeal
to investors to visit and participate in the growth
journey of the Union Territory. Manoj Sinha said
he has signed as many as seven MoUs for invest-
ment in Jammu and Kashmir. Emmar Group is
developing 10 lakh square feet area in the Union
Territory, with UAE-based Lulu Group set to take Gujarat chief minister Bhupendra Patel and J&K lieutenant governor Manoj Sinha with other dignitaries at the concluding ses-
two floors for a retail mall.
“The condition of Jammu and Kashmir has sion of the Vibrant Gujarat Global Summit 2024 (ANI)
changed a lot in the past four years. The New In-
dustrial Scheme which the government of India LG Manoj Sinha expressed gratitude to Prime LG Sinha said, “Someone will only invest
has made for investment in J&K, so I would like to Minister Narendra Modi and Home Minister when there is some kind of profit...Investing in
say that today the highest incentive is being gener- Amit Shah, emphasizing the crucial role of the cen- Jammu and Kashmir means investing in India, in-
ated from here (because of this scheme). Poverty tral sector scheme led by Amit Shah. vesting in the unity and integrity of India...”
is also less in J&K,” Sinha said. Sinha applauded the central government for Sinha acknowledged Gujarat’s pivotal role in
Ever since the abrogation of Article 370 from providing significant incentives, marking a posi- India’s growth trajectory and acknowledged the
Jammu and Kashmir, the central government has tive shift in the investment climate for Jammu and wounds of the past, expressing optimism about the
been looking at bringing in big-ticket investments Kashmir. LG Sinha said, “Jammu has all premiere transformative changes witnessed in the last four
in the region which has seen decades-long militancy. educational institutions of the country. No dearth years.
The 10th edition of Vibrant Gujarat Global of skilled manpower. Handloom export is increas- Highlighting Prime Minister Modi’s vision for
Summit 2024 was inaugurated on Wednesday by ing. 4 years of time will be remembered for the Jammu and Kashmir, Sinha cited a recent report
Prime Minister Narendra Modi. The theme of this change. Crime is less than Gujarat”. that positioned the region as the most searched
year’s three-day summit is ‘Gateway to the Future’ “We will not welcome by red tape but with red online destination, surpassing even Switzerland.
and includes the participation of 34 partner coun- carpet. Large magnesium deposits are also found, He attributed this interest to the stable, viable,
tries and 16 partner organizations. and natural resources are there in Jammu and and peaceful environment created in Jammu and
The Summit is also being used as a platform Kashmir. Why should be invested in Jammu and Kashmir, drawing positive attention globally. As-
by the Ministry of Development of North-Eastern Kashmir? - good for business and also provides serting confidence, LG Manoj Sinha stated, “We
Region to showcase investment opportunities in better healthcare, he said. will make it better than Davos,” referring to the
the North-Eastern regions. He added, “PM Modi, after a long time, made town in the Swiss Alps famous for hosting the
Jammu and Kashmir is poised for a significant it conducive to business. You will get maximum World Economic Forum.
influx of investment. Expressing confidence in the profit and will strengthen Jammu and Kashmir as He lauded Jammu for hosting premier educa-
positive response received from industrialists, Lt part of India”. tional institutions and emphasized the abundance
Governor Manoj Sinha anticipates an investment The LG stressed the concerted efforts to es- of skilled manpower in the region. Sinha highlight-
of Rs 2500-3,000 crores in the near future. tablish a viable environment in the region, aiming ed the positive economic indicators, with increas-
Speaking at the Vibrant Gujarat Summit to attract investments and solidify Kashmir’s inte- ing handloom exports and a reduction in crime
during the Jammu and Kashmir State Seminar, gration with India. rates compared to Gujarat.

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