The chairman of Reliance Industries Limited Mukesh Ambani has announced that his group will be making several announcements in accordance with investments in Jammu and Kashmir and Ladakh, the two newly formed Union Territories in the coming days. Ambani also said that through Reliance Group he wants to set up a special task force that will focus its attention entirely on making investments in Jammu and Kashmir.
Ambani’s Statement Significant After Undoing Of Article 370
Mukesh Ambani made the above statement while he was addressing the 42nd annual general meeting (AGM) of Reliance Industries Ltd. The richest Indian also announced the details regarding the launch of Jio Fiber services at the event.
Importantly, the declaration about planning investment in Jammu and Kashmir and Ladakh just a couple of days after the undoing of Article 370 makes it more significant. Experts believe that this announcement will give momentum to the private sector investment in the territories of these two newly formed UTs.
RIL Chairman and Managing Director, Mukesh Ambani: Responding to the call of PM Narendra Modi Ji, we stand committed to the needs of the people of Jammu and Kashmir and Ladakh. You will see several announcements for the Jammu and Kashmir and Ladakh in the coming days. pic.twitter.com/hewKDYb9FM
— ANI (@ANI) August 12, 2019
— India Today (@IndiaToday) August 12, 2019
In his special address to the nation last week, Prime Minister Narendra Modi had urged the Indian businesses to start investing in Jammu and Kashmir. He especially emphasized upon the significance of investments from industries related to film, food processing, tourism and export industries to look up to Jammu and Kashmir as a new investment territory.
Several Announcements To Be Made, Says Ambani
While addressing the AGM, Ambani said, “Responding to the call of PM Narendra Modi Ji, we stand committed to the needs of the people of Jammu and Kashmir and Ladakh. You will see several announcements for the Jammu and Kashmir and Ladakh in the coming days.”
The next big step after removal of Article 35A and Article 370 will be an economic revival of Jammu and Kashmir and Ladakh so that the economies of these Union Territories will be integrated with mainstream India.