The Confederation of Indian Industry (CII) has asked the Jammu and Kashmir government to identify the key sectors in which it has advantage over other states. A joint working group of CII and the state government has also been constituted to identify the thrust areas for investment.
The 12-member CII delegation, led by CII vice-chairman Sunil Kant Munjal, had a series of meetings with local entrepreneurs and officials. During a day-long interactive session with the entrepreneurs in Srinagar on Friday, the confederation offered all co-operation to revive trade and industry.
The delegation also called on Chief Minister Mufti Mohammad Sayeed and discussed ways and means for attracting investment in the tourism, agriculture and horticulture sectors, the mainstay of state economy.
CII asked the state government to create a conducive atmosphere to woo investors, which did not necessarily include giving subsidies and incentives.
