ADDRESSING THE nation from the ramparts of the Red Fort in Delhi on the occasion of India’s 73rd Independence Day, Prime Minister Narendra Modi called upon Indian businesses to invest in Jammu and Kashmir. Modi especially asked the film, tourism, and food processing and export industries to look at investing in Jammu and Kashmir. His government followed it up by scheduling an ‘investors’ summit’ in Srinagar from October 12 under the aegis of the Confederation of Indian Industry (CII). There is undoubtedly massive untapped or under-tapped business potential in the erstwhile state.
Evidently, the government is keen that J&K becomes an active contributor to the Indian economy as swiftly as possible. But the moot question is: Is J&K ready for business, especially in the backdrop of the abrogation of Article 370 rescinding the special status granted to it since 1948 and the mood in the valley over the manner in which the local people perceive the whole thing was done?
A massive troop build-up and cutting off of communication links ahead of the nullification of Article 370 and carving up of the Himalayan state into two new Union territories of Jammu and Kashmir and Ladakh have disrupted life in the valley, creating an atmosphere of uncertainty on the ground. There is no way of knowing when the region will be ready to expand the business, welcome new businesses and generate better opportunities for the large younger population.
Responding to Modi’s Independence Day call, large corporate houses have come out in support of the troubled state with their respective business plans. Reliance Industries Chairman Mukesh Ambani was among the first to promise investment in J&K. His company has announced setting up of a special task force for making an investment decision in the state.
Diese Geschichte stammt aus der August 31, 2019-Ausgabe von Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 31, 2019-Ausgabe von Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders