To remove bottlenecks for the land allotment under the new industrial policy, the government has created an easy online registration option for the investors across India. The investors can now submit their proposals online for the investment in Jammu and Kashmir.Managing Director Jammu Kashmir Trade Promotion Organization (JKTPO) Ankita Kar said that the aim to introduce online registration is to provide a hassle-free option for the investors interested in expanding base in JK.
“We have also provided a customer care number- Invest JK helpline. In case, any investor faces trouble they can call on the number for assistance,” Kar said.Kar said though the decision for holding Global Investors’ summit has not been decided yet, owing to the Covid-19 pandemic, investors continue to apply online for the land allotment.
The summit that was scheduled to take place in May 2020, was put off indefinitely amid a spike in Covid-19 cases in India.Around 400 companies have already signed Memorandum of Understanding (MoU) amounting a total investment proposal of Rs 22,000 crore with the Jammu Kashmir government to set up their units in the erstwhile state after the abrogation of Article 370.
The government was set to hold its first J&K Global Investors’ summit with an objective to bring together investors, decision-makers, senior government officials and local business community for a dialogue on concrete investment opportunities in the erstwhile state.
The summit will include strategic sectoral sessions, Round Table Deliberations, one-to-one Business to Business (B2B) and Business to Government (B2G) meetings. The main objective behind the summit is to increase the employment opportunities by accelerating the industrial growth in the newly carved UT.The Confederation of Indian Industry (CII) is the National Partner for the summit.
The sectors that the government identified include tourism, agro and food processing, manufacturing, IIT and IT, health and pharmaceuticals, skill development, milk, poultry and wool, infrastructure and real estate, herbal and medicine plants, film sector, renewable energy, agriculture and mulberry, handloom, handicrafts and horticulture.
The online registration has easy steps which include details of the company, documents and the registration fee.Kar said after reviewing the proposal, the authorities would take the call accordingly.“The aim is to make the whole process a single window clearance. We don’t want to make the entire process tedious for the investors,” she said.