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India Inc sees J&K in new light after govt scraps provisions of Article 370

The region to hold its first investors' summit in October; many look at opportunities in the FMCG sector

Army personnel stand guard during restrictions, in Jammu, Monday, Aug 05, 2019 (Photo: PTI)
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Army personnel stand guard during restrictions, in Jammu, Monday, Aug 05, 2019 (Photo: PTI)

BS Reporters Mumbai
After the Centre’s move to scrap the provisions of Article 370 that granted special status to Jammu & Kashmir (J&K), private sector investment is likely to get a leg-up. The ball has been set rolling with the first-ever investors’ summit to be held in October by the local government in partnership with the Confederation of Indian Industry (CII), and India Inc. 

Puneet Dalmia, managing director, Dalmia Bharat Group, believed that investments in J&K would now be a top agenda in many corporate boardrooms. “In the next five years, the youth in the region will benefit from tremendous job opportunities as a