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| Tycoons plan investment via sporting carnival | | |
ET REPORTER
Jammu, July 20: The tycoons of Indian industry and top business houses of the country have drawn up a plan of mobilising investment in Jammu and Kashmir through a high profile sporting carnival later this year.
The sport event in Srinagar in which 100 renowned businessmen and industrialists of the country are participating will send a message the atmosphere is quite secure in the state and people can think of making investment plans, the Associated Chamber of Commerce and Industry of India, Venugopal Dhoot was quoted by the agencies as saying. Dhoot, who is also chairman of the Videocon group is organising the golf tournament in Srinagar in the month of September.
A statement issued today by the Associated Chamber of Commerce and Industry said, "Industrialists of the country will play golf in Srinagar to convince capital creators in other parts that Jammu and Kashmir now provides investment opportunities and it is no longer a place in which surpluses cannot be parked".
The statement further quoted Dhoot as saying that the the objective of playing golf in Kashmir is to show the rest of the world that since the state is fast returning to normalcy, it is expected to attract over a million tourists in the current fiscal itself after a gap of many years.
He quoted Assocham's preliminarily findings in the "Vision Paper on Jammu and Kashmir", which says that the state's export turnover of handicrafts, sports and leather goods was likely to exceed Rs.15 billion in the 2007-08 fiscal compared to Rs.11.5 billion in 2006-07.
The vision paper, which is still being given final touches, also reveals that that in the last fiscal, about 600,000 tourists visited the Kashmir Valley for skiing, trekking and sightseeing.
The businessmen will play golf at the Royal Springs Golf Course located in the foothills of Zabarvan hills that has begun to draw golfers from across the world. Its undulating landscape overlooking the waters of Dal Lake has made it a major tourist attraction too.
State Tourism Minister Dillawar Mir said he was looking forward to the visit by the Assocham delegation. "We are happy that people across the country have rediscovered the business and tourism potential of our state."
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