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| ‘Secure globalization benefits for new investments’ | | Reconstituted J&K Committee of PHDCCI holds meet | |
JAMMU MARCH 13
The reconstituted J&K Committee of PHD Chamber of Commerce and Industry (PHDCCI) which held its first meeting here today felt that the State government should adopt its economy to secure the benefits of globalization and attract new investments. The meeting was of the view that the State holds a specific case for reformist long term development strategies and for raising growth and increasing employment, aimed at sustainability of economic growth, shall have to reposition its economy with the support of an enabling environment including infrastructure, training and education, encouraging new activities like in service industry and creation of a regulatory framework. It maintained that against this background, the PHDCCI J&K Committee has an onerous responsibility to frame a Plan of Action to fulfill these objectives. The meeting also discussed the terms of references drawn up keeping in view the specific requirements of the state for its sustainable development. The terms of reference set before the committee include to interact with the state government on policy and procedural issues, to work in partnership with the government to attract investments , to act as a ‘think tank’ and to provide inputs to the government for formulation of policies for growth, particularly with reference to the trade and industry, to organize seminars, meetings, training programs to improve competitiveness of trade and industry and to submit full fledged budget memoranda to the government suggesting measures relating to economic issues including state taxation. The meeting also reviewed the activities of the committee during 2006-07 and devised programs for the current fiscal. It also decided to hold a seminar on ‘Economic Development of J&K’ to be organized at New Delhi and addressed by the Chief Minister, exposition and conference on ‘Tourism in J&K- Opening new vistas’, seminar on ‘E Governance ’and conference on ‘Infrastructure development in Jammu and Kashmir- issues and perspectives’, a handout said.
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