11th August 2007
Srinagar
Dr. Drabu invites WB industrialists to invest in J&K
In a bid to woo West Bengal industrialists to invest in J&K State, Dr. Haseeb A. Drabu, Chairman of J&K Bank and Economic Advisor to the J&K state, held an interactive session with industrialist and traders of West Bengal at the Palladian lounge of the Bengal Chamber of Commerce and Industry yesterday. Dr Ashim Dass Gupta, Finance Minister of West Bengal, was the chief guest on the occasion.
Dr. Drabu made an impressive presentation before the members of Bengal Chamber of commerce and Industry (BCCI) and Confederation of Indian Industries (CII) in which he gave extensive details about attractive avenues and incentives available to the industrialists for setting up of industries in J&K. In his presentation, he projected Jammu as an up coming industrial hub and Kashmir region with huge potential for Agribusiness, horticulture, plantation and tourism activities. He also highlighted mini hydel projects and creation of infrastructure as another area which has lot of potential in J&K for gainful investment.
He offered liberal financing by J&K Bank for the industrialists keen to set up their units in the J&K State. Giving details about role of J&K Bank in overall development of state and the rest of country Dr. Drabu informed that Bank is almost 70 years old institution with very strong fundamentals which have made it one of the best 5 banks in the country. "J&K Bank has ambitious plans to go in a big way to help masses by financing through Self Help Groups (SHGs) and has embarked upon a plan for financial inclusion through Panchayats and Post offices," said Dr. Drabu. This idea was highly appreciated by Dr. Ashim Dass Gupta, Finance Minister of West Bengal.
Dr. Ashim Dass Gupta while delivering his key note address appreciated the role of J&K Bank in shaping the destiny of J&K state. He was quite impressed by 68% Credit -Deposit (CD) Ratio the bank has achieved and the role it has played in bringing back the economy of J&K state on the rails. He desired that J&K Bank should open more branches in West Bengal and adopt some backward districts for micro financing projects in the same way it was doing in J&K. He announced that some government business in West Bengal would be transacted through J&K Bank, as the Bank enjoys the status of public sector bank with 53% J&K government equity.
Mr. K.K.Sharma, Vice President of the Delhi Zone of the bank, was also present on the occasion. The meeting among others was also attended by Mr. Khokan Mukherjee, Secretary General Bengal Chamber of Commerce and Industries. Mr. Sunil Mishra, Regional Director Confederation of Indian Industries and gamut of top bureaucrats and industrialist of West Bengal.
Dr. Drabu made an impressive presentation before the members of Bengal Chamber of commerce and Industry (BCCI) and Confederation of Indian Industries (CII) in which he gave extensive details about attractive avenues and incentives available to the industrialists for setting up of industries in J&K. In his presentation, he projected Jammu as an up coming industrial hub and Kashmir region with huge potential for Agribusiness, horticulture, plantation and tourism activities. He also highlighted mini hydel projects and creation of infrastructure as another area which has lot of potential in J&K for gainful investment.
He offered liberal financing by J&K Bank for the industrialists keen to set up their units in the J&K State. Giving details about role of J&K Bank in overall development of state and the rest of country Dr. Drabu informed that Bank is almost 70 years old institution with very strong fundamentals which have made it one of the best 5 banks in the country. "J&K Bank has ambitious plans to go in a big way to help masses by financing through Self Help Groups (SHGs) and has embarked upon a plan for financial inclusion through Panchayats and Post offices," said Dr. Drabu. This idea was highly appreciated by Dr. Ashim Dass Gupta, Finance Minister of West Bengal.
Dr. Ashim Dass Gupta while delivering his key note address appreciated the role of J&K Bank in shaping the destiny of J&K state. He was quite impressed by 68% Credit -Deposit (CD) Ratio the bank has achieved and the role it has played in bringing back the economy of J&K state on the rails. He desired that J&K Bank should open more branches in West Bengal and adopt some backward districts for micro financing projects in the same way it was doing in J&K. He announced that some government business in West Bengal would be transacted through J&K Bank, as the Bank enjoys the status of public sector bank with 53% J&K government equity.
Mr. K.K.Sharma, Vice President of the Delhi Zone of the bank, was also present on the occasion. The meeting among others was also attended by Mr. Khokan Mukherjee, Secretary General Bengal Chamber of Commerce and Industries. Mr. Sunil Mishra, Regional Director Confederation of Indian Industries and gamut of top bureaucrats and industrialist of West Bengal.