World's leading financial investors in Kashmir

Srinagar, Mar 15 (UNI) Appreciating the efforts of the Jammu and Kashmir government towards development and peace, a group of world's leading financial investors today said they will draft a blue print on ways a foreign investors can participate in the development of the state.

During the next six to seven months, we would be firming up our plan and draft a blue print on how foreign investors could participate in the development of the state, the group informed Chief Minister Ghulam Nabi Azad during a meeting here.

An official spokesman said the group, currently on a two-day visit to Kashmir to look at investment opportunities, discussed some potential areas of investment.

The group comprised investors from United States of America and the United Kingdom, including Capital Group, Fidelity, First State Investors and Federated Investors, collectively controlling businesses worth 30 trillion dollars around the globe.

The Chief Minister briefed the foreign investors about the improved security scenario in the state, especially in Kashmir, and said like hydro electricity, financial services and off-shore banking offered great opportunities for investment.

He said the State was safe for investment and he looked forward to their positive response.

Jammu and Kashmir Bank and economic advisor to the government of Jammu and Kashmir Haseeb Drabu said the group were on tour of the country and had already visited Ahmedabad, Bangalore, Cochin and Kolkata before coming here.

Dr Drabu said they also discussed setting up an international financial centre to facilitate financial investment in the development of the State.

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