Union Home Minister Amit Shah has urged Gujarati industrialists to consider expanding their businesses in the northern part of the country, particularly in Kashmir. Addressing the Vibrant Gujarat Global Summit, Shah encouraged investment in Kashmir to support Prime Minister Narendra Modi’s initiative in mainstreaming the region. The Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, echoed the appeal to investors at the summit and highlighted the positive changes in the region over the past four years. Sinha mentioned the New Industrial Scheme, emphasizing the incentives generated and reduced poverty in Jammu and Kashmir. The central government has been seeking significant investments in the region since the abrogation of Article 370. Shah also praised Gujarat’s industrial model, emphasizing India’s appeal for global investment. The 10th edition of the Vibrant Gujarat Global Summit has the theme ‘Gateway to the Future’ and involves the participation of numerous countries and organizations, showcasing investment opportunities, including those in the North-Eastern regions. Manoj Sinha said he has signed as many as seven MoUs for investment in Jammu and Kashmir. Emmar Group is developing 10 lakh square feet area in the Union Territory, with UAE-based Lulu Group set to take two floors for a retail mall.
Many states have followed Gujarat’s industrial model,” Shah said.
“India has become the best place to invest at a global level. And in India, the best destination to invest is our Gujarat,” he said. “Gujarat is the gateway to Viksit Bharat (a developed India by 2047). It is our duty to keep the trust intact.”
Speaking of Gujarat, he made particular mention of Gift City and Dholera Smart City, which have emerged as the two prominent growth engines of the state’s industrialisation over the two decades.
“The way Modi ji has made Gujarat a policy-driven state, and Bhupendra bhai has taken it forward, I believe investors from across the globe will like to invest in India.”
Further, Shah also asserted that India’s space sector has the potential to expand. Citing a survey, he said the country’s space sector industry to poised to rise from USD 9 billion now to USD 40 billion before 2040.
