After revoking of Article 370 in J&K which bifurcated the state into two Union Territories – Jammu & Kashmir (J&K) and Ladakh, FICCI (Federation of Indian Chambers of Commerce and Industry) announced that it will boost industrial growth in Jammu & Kashmir and Ladakh region. The federation congratulated the Prime Minister Narendra Modi and Home Minister Amit Shah for their unflinching resolve towards growth of Jammu & Kashmir. “We expect this move will bring in greater stability and improved governance in the region, which will support fresh investments,” said Sandip Somany, President, FICCI. FICCI is already working to promote areas like tourism; food processing and skill development in J&K and the chamber will not only enhance the level of activities in these areas going ahead, but also expand its domain to new sectors which are looking at openings in the two UTs. We will support and bolster all the initiatives taken by the government for the industrial development of the two Union Territories and will also play a major role in channelizing fresh investments in J&K and Ladakh,” added Somany. Horticulture and Floriculture, Hydro-power, Information Technology and IT enabled services are some of the areas where J&K can attract big investments.
