After abrogation of Article 370, CII President Uday Kotak proposes ten-point agenda to fuel growth in newly formed union territories
Op IndiaFollowing the scrapping of archaic Article 370 that granted a special status to Jammu and Kashmir and subsequent passage of the bill aimed at bifurcating the state into two union territories: Jammu & Kashmir and Ladakh, the Confederation of Indian Industries President, eminent banker Uday Kotak has announced an investor summit to be held in the Union Territories of Jammu and Kashmir and Ladakh. Kotak also said that the trade body has recommended a ten-point agenda to the government which could help in sustainable growth while boosting growth in sectors like tourism, infrastructure and agriculture. Alongside with CII, the trade body Assocham has also announced the opening of a regional office in J&K after the government decided to convert the state into two union territories. “The feisty move would trigger a wave of investments into sectors like tourism, real estate, handicrafts, horticulture and food processing, among others,” said Assocham president B K Goenka.