Drabu urges business houses to invest in J&K

Jammu, December 14

State Finance Minister Haseeb Drabu today urged major corporate houses from across the country to invest in various sectors in Jammu and Kashmir.

“There is a tremendous scope for investment in potential sectors, such as energy, horticulture, handloom and handicrafts, biotechnology, food processing, tourism, information technology, education, skill development and sports in J&K which have strong inter-linkages with the other sectors,” Drabu said while addressing the 90th annual general meeting of the Federation of Indian Chamber of Commerce and Industry (FICCI) in New Delhi.

He said J&K also had the potential of becoming a special educational zone for foreign universities and special economic zone for exquisite handicrafts and sports goods besides attracting investment for setting up a dry port and cold chain.

“I will request you to start engaging with J&K and its people, to help us put the state on a faster path of development and growth,” Drabu told the business tycoons present at the meeting.

Referring to implementation of the GST, he called for doing away with the maximum retail price (MRP) under the GST regime. — TNS