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Jammu and Kashmir hosting first-ever Global Investors Summit in October 2019

Jammu and Kashmir hosting first-ever Global Investors Summit in October 2019: Details, Aim, Schedule

Newly, formed Union Territory of India, Jammu & Kashmir is likely to host its first-ever Global Investors Summit from 12th October to 14th October 2019.

Global Investors Summit details were informed by Principal Secretary (Commerce & Industry), J&K, NK Chaudhary.

Global Investors Summit initiative is being seen as a major push to bring investment in the Jammu & Kashmir and Ladakh region, that, after in a recent move from central government bifurcated in two Union Territories.

Global Investors Summit will be followed by mega roadshows which will be organized in India and abroad.

Global Investors Summit inaugural session will be held at Srinagar on 12th October, while the concluding session will be held at Jammu on 14th October.

Earlier, RIL Chairman and Managing Director, Mukesh Ambani in annual AGM, announced RIL Has formed stand committed and planned several announcements for the Jammu and Kashmir and Ladakh in the coming days.

Background

The Government of India led by PM Narendra Modi on 5th August 2019, scrapped Article 370 and Article 35-a of the Indian constitution, which provided Jammu & Kashmir special status that includes own flag, laws, etc.

Modi 2.0 government also bifurcated the state of Jammu & Kashmir into Union Territory of Jammu & Kashmir and Ladakh.


 

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