The government of Jammu and Kashmir identified 6,000 acres of land across the Union territory for potential investors taking part in the J&K Global Investors Summit in April, officials said on Wednesday, January 29.
Forty thousand of the total 50,000 kanals of land have been identified in the Jammu region as against 10,000 in the Kashmir Valley.
The land identified mostly falls in the districts of Samba and Kathua in Jammu region, and Pulwama and Anantnag districts in the Kashmir Valley.
"The summit will be open for all the global investors and to local industrialists as well as those from other parts of the country who want to set up and expand their businesses in Jammu and Kashmir," Ravinder Kumar, MD, SIDCO told in an interview.
On January 20, Jammu and Kashmir Lt. Governor Girish Chandra Murmu had said that the first-ever Jammu and Kashmir Global Investors Summit will be held in J&K in April.
Speaking a pre-investors global summit in Delhi, Murmu had said that sectoral seminars will be organised and the main events will be held in Srinagar.
The government has started a campaign to bring Jammu and Kashmir on the industrial map of the country.
"We will be organising roadshows in other states and holding conclaves to attract investors to Jammu and Kashmir," Kumar said.
He said it is going to be a three-day summit that would be held in Srinagar as well as Jammu.
The government had planned to organise a global investors summit in October 2019 but it was postponed.
The event will be the first major industrial activity in Jammu and Kashmir after the abrogation of Article 370 on August 5, 2019.
The investors can now also purchase the land which is made possible by the revocation of Article 370, and take the land on the lease as well.
"We have identified the land in different areas across Jammu and Kashmir, and it is going to be state land. However, land can also be procured from the private parties as well," Ravinder Kumar said.
The government expects certain key areas to be the focus of the global investors' summit like the health and education sectors.