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Kashmiri Pandits key to development in J&K: Farooq Abdullah
New Delhi, September 28, 2009

r Farooq Abdullah believes that Kashmir Pandits are integral to the development process in Jammu & Kashmir, and that they have contributed a lot for positive development of the state. He further added that the absence of this community from the valley has created an intellectual vacuum.Farooq Abdullah said this at the Kashmir Economic Summit organised by KPCC in Delhi.

The Kashmiri origin CEOs interface with the government was organised at the first of its kind conclave organized by Kashyap Progressive Commerce & Commercial Foundation (KPCC) as part of its agenda to drive the economic reconstruction in the state of Jammu & Kashmir.

Farooq Abdullah lauded KPPCs efforts for bringing together the community, and trying to harness the collective strength for driving the growth in the state. Mr. Moti Koul, Patron (KPCC) and Chairman (Summo Engineering Group) commended the KPCC core team for putting together the first of its kind event, that was sure to act as a driving factor for the faster growth, and re-structuring of the state, and restoring its past glory. Other people who spoke on the dais in concluding secession of Kashmir Economic Summit included Shri Ravinder Bhan, Mr. Mohit Goyal (India Angel Network), Shri Ravi Kaul and Shri Rajesh Pandit.Farooq Abdullah appreciated KPCCs efforts of organising the Kashmir Pandits and creating a cohesive force for the development in the state. He assured of his full support for such business and investment initiatives. He said that New and Renewable Energy is a potential sector for investment in J&K keeping in view the Govt of Indias thrust for setting up solar power projects. Mini hydel power projects are another area which can be looked into for investment and J&K offers many opportunities in this area. He invited KPCC to organize next summit in J&K where he assured that the state Govt Machinery can be brought across the table for a meaningful dialogue between investors and the policy makers. He emphasized that sectors which can help in employment generation should be focused upon.

With this high-level recognition of the KPs efforts and contribution in the state, strife torn Kashmir economy has a new ray of hope.
Some of the key points raised at the summit were:

The terrorism and unrest in the state was an aberration to the growth and the development of the state, and the same has been rejected by the populace in the state

The development in the state with be driven by the youth of the state who are proud of their bearings, and who have the fire in their belly to re-build the lost glory of the state

The only thing that the populace requires from the government is to create a conducive environment for business in the state, and the entrepreneurs will come forward, invest in the state, and along with the populace drive development and economy within the state stronger economic engagement in the region to reduce the economic and social gaps as well as a reform-driven private-public partnership.

Core competency of the region should be tapped for the overall growth and development natural beauty, weather-environment-climatic conditions, potential of winter sports and tourism, natural flora and fauna, handicrafts & carpets, et all. Focus on education and IT will drive increased participation of the younger generation in the reconstruction of the state

Need for greater recognition and acceptance of KPCC by both the J&K government as well as the Indian government as the representative body of the business community of the state and greater collaboration and support by the government to drive growth in the state

Recognising the sentiments and the potential that KPCC as a representative body has towards catalysing the development within the state of Jammu & Kashmir, Shri Tara Chand, Dy. CM suggested that a cell be set up by KPCC to closely liaise with the state government, and that all help and support will be extended by the state government in their endeavours towards restoring the lost glory in the state.

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