Synopsis
The Chief Minister of Jammu and Kashmir, Omar Abdullah, emphasized the need for protective regulations on land investments during the CII J&K Annual Session-2025, focusing on creating local jobs and enhancing economic growth in the region.Key Takeaways
- Investment strategies must include land protection laws.
- Focus on creating job opportunities for local youth.
- Encourage responsible entrepreneurial practices for sustainability.
- Implement a single-window clearance system to ease business operations.
- Gather stakeholder feedback for the upcoming budget.
Srinagar, Feb 22 (NationPress) The Chief Minister of Jammu and Kashmir, Omar Abdullah, participated on Friday in the Confederation of Indian Industry (CII) J&K Annual Session-2025, themed "AMAZING J&K: Aspiring For New Growth Goals." This event, organized by the CII J&K Council, gathered business leaders, industrialists, entrepreneurs, and various stakeholders to explore strategic measures aimed at enhancing the economic growth and development of the Union Territory. The goal is to elevate the region's competitiveness and business potential through a strong, resilient, and sustainable entrepreneurship ecosystem, as stated in an official announcement.
During his address, the Chief Minister highlighted that such engagements are crucial for improving efficiency, competitiveness, and creating opportunities for businesses via specialized services and strategic global connections.
While promoting increased investments in J&K, the Chief Minister stressed the importance of laws that safeguard agricultural land and impose investment restrictions similar to those in Himachal Pradesh. These measures would also ensure job creation for the local youth.
According to the statement, "It also provides a platform for consensus-building and networking on key issues."
The Chief Minister invited suggestions and insights from the participating entrepreneurs and stakeholders to be included in the forthcoming budget of Jammu and Kashmir, aiming for the overall public welfare and benefits for industries, tourism, and other sectors.
CM Abdullah underlined the importance of responsible entrepreneurial practices to cultivate an economic landscape that guarantees sustainability throughout J&K.
He noted that Himachal Pradesh has implemented a stringent policy on investments and urged J&K to adopt a similar approach. He praised the perseverance of J&K's industries, recognizing businesses that have thrived in tough times without depending solely on government aid. He emphasized the necessity for long-term business viability, proposing a system to monitor business sustainability beyond 10 years, as mentioned in the statement.
Regarding the ease of doing business, the Chief Minister called for a genuine single-window clearance system to tackle bureaucratic challenges, particularly concerning clearances from forest and environment boards that impede manufacturing growth.
He encouraged stakeholders to share their recommendations and feedback for the upcoming budget, reinforcing the government's dedication to an industry-friendly policy environment.
Additionally, Satish Sharma, Minister for Food, Civil Supplies, and Consumer Affairs, addressed the gathering, stressing the need to rectify previous shortcomings and highlighting the significance of promoting sports tourism, health tourism, and border tourism while capitalizing on Kashmir's famous hospitality through innovative marketing approaches.
