Chief Minister Omar Abdullah of Jammu and Kashmir (J&K) emphasized the need for responsible investment and job creation for local youth during the Confederation of Indian Industry (CII) Jammu and Kashmir Annual Session-2025. The event, titled “AMAZING J&K: Aspiring For New Growth Goals,” brought together business leaders, industrialists, entrepreneurs, and stakeholders to discuss strategic actions aimed at boosting the Union Territory’s economic growth and development.
*Expanding Investments with Safeguards*
Addressing the session, Chief Minister Abdullah stressed that expanding investments in J&K must be regulated by laws that protect agricultural land and include land investment safeguards, similar to those in Himachal Pradesh. These measures, he explained, would ensure that investments also create employment opportunities for local youth.
The Chief Minister highlighted the importance of such interactions in enhancing efficiency, competitiveness, and creating business opportunities for industries through specialized services and strategic global linkages. “It provides a platform for consensus-building and networking on key issues,” he said.
*Seeking Suggestions for Inclusive Development*
During the session, Chief Minister Abdullah called for valuable insights and suggestions from participating entrepreneurs and stakeholders that could be incorporated into the upcoming budget of Jammu and Kashmir. This, he explained, would ensure the overall welfare and benefit of the public, industries, tourism, and other sectors.
He also underscored the need for responsible entrepreneurial practices to foster an economic ecosystem that ensures sustainability across J&K. Acknowledging the resilience of J&K’s industry, Abdullah commended businesses that have endured challenging times without solely relying on government subsidies.
*Promoting Long-Term Business Sustainability*
Chief Minister Abdullah proposed a mechanism to track businesses’ viability beyond 10 years, emphasizing the importance of long-term business sustainability. He advocated for a genuine single-window clearance system to address bureaucratic hurdles, particularly in obtaining clearances from forest and environment boards, which hinder manufacturing growth.
The Chief Minister encouraged stakeholders to provide suggestions and feedback for the upcoming budget, reinforcing the government’s commitment to an industry-friendly policy framework.
*Promoting Tourism and Hospitality*
Minister for Food, Civil Supplies, and Consumer Affairs, Satish Sharma, also addressed the event. He emphasized the need to address past deficiencies and underscored the importance of promoting sports tourism, health tourism, and border tourism. Sharma highlighted the potential of leveraging Kashmir’s renowned hospitality through innovative marketing strategies.
*Conclusion*
The CII Jammu and Kashmir Annual Session-2025 highlighted the region’s aspirations for new growth goals, with Chief Minister Omar Abdullah emphasizing the need for regulated investments, job creation for local youth, and long-term business sustainability. The event underscored the importance of strategic actions and stakeholder collaboration in driving J&K’s economic growth and development.
Like
Comment
Send
Share
