The Jammu and Kashmir administration has announced a three-day summit for prospective investors in October.

The event, meant to attract businesses to invest in the state, will take place from October 12 to October 14 in Srinagar, N.K. Chaudhary, the state’s principal secretary for commerce and industry, was quoted as saying.

The meet will provide Jammu and Kashmir with an opportunity to showcase its strengths, strategies and potential and would help allay fears of the business community outside the proposed Union Territory, he added.

The Confederation of Indian Industries (CII) will be the national partner for the investors’ meet. An MoU has been signed by the Jammu and Kashmir Trade Promotion Organisation (JKTPO) and CII for organising and managing the event, an official said.

In his address to the nation, Prime Minister Narendra Modi had justified the withdrawal of the special status and urged businesses to come forward to develop the region.

Curbs tied to drill

The Jammu and Kashmir administration said on Tuesday that it was hopeful of further relaxations in the security clampdown after the dress rehearsal for Independence Day celebrations concludes in various districts, adds PTI.

Principal secretary Rohit Kansal told a media conference in Srinagar that while prohibitory conditions had been relaxed in various parts of Kashmir, the Jammu region was “almost entirely” free of restrictions.

“Restrictions, however, do continue in parts of Kashmir,” he said.

“We are hopeful that once the full dress rehearsals for Independence Day being carried out in various districts of Jammu and Kashmir and Ladakh conclude, there will be further relaxations,” Kansal added.

According to the principal secretary, the curbs will be eased in parts of the Valley in a phased manner based on the assessment of local authorities.