FICCI committed to boost industrial growth of Jammu & Kashmir and Ladakh:Sandip Somany, President, FICCI

Aug 07, 2019

NEW DELHI, 07 August 2019: FICCI congratulates Prime Minister Mr Narendra Modi and Home Minister Mr Amit Shah for their unflinching resolve towards growth of Jammu & Kashmir.

Parliament approved on Tuesday, the resolution abrogating special status to Jammu and Kashmir under Article 370 of the Constitution and bifurcation of the state into two union territories - Jammu & Kashmir and Ladakh.

"We expect this move will bring in greater stability and improved governance in the region, which will support fresh investments," said Mr Sandip Somany, President, FICCI.

"FICCI has been supporting the industries in J&K, and is committed to the industrial growth of J&K and Ladakh. We will support and bolster all the initiatives taken by the government for the industrial development of the two Union Territories and will also play a major role in channelizing fresh investments in J&K and Ladakh," added Mr Somany.

FICCI is already working to promote areas like tourism, food processing and skill development in J&K and the chamber will not only enhance the level of activities in these areas going ahead, but also expand its domain to new sectors which are looking at openings in the two UTs.

"The idea is to promote extensive sharing of potential business opportunities. We will focus on creating an effective mechanism for the businesses across the country to look at J&K and Ladakh as an attractive investment destination," said Mr Somany.