Sayeed woos industrialists for investment in J-K, ADAG to set

Image
Press Trust of India Mumbai
Last Updated : Nov 05 2015 | 5:13 PM IST
Anil Ambani-led ADAG has agreed to set up a 1,000-seat call centre in Jammu and Kashmir that will provide jobs to nearly 3,000 youth, as Chief Minister Mufti Mohammad Sayeed wooed industrialists here today to garner investments in his State.
Sayeed on a two-day visit to the country's financial capital met business tycoons and discussed prospects to give impetus to investment in industry, telecommunications, power and tourism sectors in J&K.
After his arrival here yesterday, the Chief Minister held a series of meetings with Anil Ambani of ADAG, Subash Chandra of Zee Media, Arun Nanda of Mahindra Group and Nikhil Meswani, Executive Director of Reliance Industries Limited to discuss measures taken by his government to create positive atmosphere for private sector investment in the state.
At his meeting with Anil Ambani, Sayeed sought cooperation for investment in IT sector to create employment opportunities for youth in the state. He laid emphasis on establishing call centres and a Dhirubhai Ambani Management Institute, which will enhance the employability of skilled human resource.
Ambani assured Sayeed of setting up a 1,000-seater call centre in two phases which will provide job opportunities to nearly 3,000 youth, an official release issued by the J&K government said.
"A team will visit J&K after Diwali to work out modalities to set up the Call Centre," the release quoted Ambani as having said at the meeting while assuring the Chief Minister of his keen interest in preparing a blueprint of cooperation between his company and the state government.
At his meeting with Subash Chandra, the Chief Minister discussed the possibility of setting up two amusement parks in proximity of Ranjit Sagar Dam in Kathua and Wullar Lake in Bandipora district to boost the state's tourism sector.
Chandra informed the Chief Minister that a team will travel to J&K in the next couple of months to assess possibilities of setting up of Essel World-type amusement parks at the identified locations, the release said.
During his meeting with Arun Nanda, Sayeed discussed the possibility of developing 'Tourism & Handicraft Villages', similar to Interlaken in Switzerland. In addition, he also discussed the issue of setting up of two IT Parks in J&K, on pattern of Chennai, in Tamil Nadu.
The possibility of restoration of tourist assets in partnership with the state government was also discussed during the meeting.
Asking top names of the corporate sector to enter into strategic partnership with the state government, Sayeed said J&K has the potential to become an ideal destination for investment and the government was promoting 'Ease of Business Policy' to create a positive climate for wooing investors to the state.
The required approvals will be made to the investors through a hassle-free 'single window' mechanism without them having to follow up with different departments, he said.
Minister for Finance, Labour and Employment Dr Haseeb A Drabu and Political Advisor to the Chief Minister Prof Amitabh Mattoo were also present.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 05 2015 | 5:13 PM IST

Next Story