Jammu and Kashmir Chief Minister Omar Abdullah today welcomed private sector investment, saying it will give fillip to the development process in the state.
"The private sector investment in the state is welcome as it will give fillip to the development process and open opportunities of employment to the youth," Omar said inaugurating Corporate office of HDFC here.
"The un-palatable peace conditions made various private companies to migrate outside the Valley marring the development and employment prospects of youth here," he said.
Highlighting the role of HDFC, Omar referred to the initiatives taken by the company to open its branches in the State and acclimatize with local conditions and needs of the people.
He referred to the use of both English and Urdu languages by the HDFC in banking operations providing additional facilities to those locals who are only well versed in Urdu language.
The chief minister mentioned the opening of branches by HDFC in rural areas and hoped that the Bank will reach out to the people in the remote areas like Gurez and Tangdar and extend banking facilities to the people in these areas.
Omar underlined the need for focusing of Bank on the Agriculture and allied sectors and provide easy advances to the farmers, artisans, budding entrepreneurs and general youth interested in launching their independent livelihood earning units.
