India Inc sees J&K in new light after govt scraps provisions of Article 370
- IBEF
- August 7, 2019
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.
J&K is ready to host its first-ever investor summit in October of this year in Srinagar — with a chapter in Jammu — to attract investment and counter perceptions about the State. The first-ever investors’ summit will be held by the local government in partnership with the Confederation of Indian Industry (CII), and India Inc.
This decision comes with an aim to provide good governance, promote social justice and ensure the economic development in the state.
The five permanent members of UNSC, US, Britain, France, China and Russia, were briefed by the Foreign Secretary Vijay Gokhale.
The government cancelled the Article 370 which gave special status to Jammu and Kashmir and proposed that the state be split into two union territories, Jammu and Kashmir, and Ladakh.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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