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| Investors explore investment opportunities in Kashmir | | Meet CM to discuss potential areas, will draft blue print in 6 months | | Early Times Reporter
Srinagar | Mar 15
A group of world’s leading financial investors, currently on a two-day visit to Kashmir to look for investment opportunities in the State, met the Chief Minister, Ghulam Nabi Azad here last evening and discussed some potential areas for investment.
The Deputy Chief Minister, Muzaffar Hussain Baig, Minister for Finance, Tariq Hameed Karra and Economic Advisor to J&K Government and Chairman, J&K Bank, Dr. Haseeb Drabu also joined the interactive session with the visiting investors.
The group comprised investors from United States of America and the United Kingdom including Capital Group, Fidelity, First State Investors and Federated Investors, collectively controlling businesses worth $ 30 trillion around the globe.
The Chief Minister briefed the foreign investors about the improved security scenario in the State, especially in Kashmir, and told them that areas like hydro electricity, financial services and off-shore banking offered great opportunities for investment here. He said the State was safe for investment and he looked forward to their positive response.
The group appreciated the efforts of the government towards development and peace process. During the next six to seven months, they would be firming up their plan and drafting a blue print on how foreign investors could participate in the development of the State.
Talking about the visit of the foreign investors to Kashmir, Dr. Haseeb Drabu said that they were on tour of the country and had already visited Ahmedabad, Bangalore, Cochin and Kolkata before coming here. He said the purpose of their visit was to explore the potential of investment in the states they were visiting. He said they were the world’s largest fund managers who had meetings here. He said they also discussed setting up of international financial centre to facilitate financial investment in the development of the State. He described their response as encouraging. |
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