Doors open for India Inc to bring investments in Kashmir: Ratan Tata

Oct 05 2012, 18:04 IST
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At a luncheon meeting hosted by CM Omar Abdullah, Tata said India Inc would definitely like to be part of the economic stake holder in Jammu and Kashmir.  (PTI) At a luncheon meeting hosted by CM Omar Abdullah, Tata said India Inc would definitely like to be part of the economic stake holder in Jammu and Kashmir. (PTI)
SummaryTitans of the Indian industry today came to Kashmir promising to tap the "enormous" potential in the region.

The titans of the Indian industry today came to Kashmir promising to tap the "enormous" potential in the region to help usher in change with Ratan Tata saying the doors have opened for bringing investments.

Tata, the Chairman of the Tata Group who was part of a top business delegation brought by Rahul Gandhi to the Valley, also hailed the AICC general secretary's efforts to do something for the people of Kashmir.

"What Mr Gandhi has done is not open a window but open a door," Tata told reporters here after addressing a packed interactive session with students of Kashmir University along with Rahul.

At a luncheon meeting hosted by Chief Minister Omar Abdullah for the delegation, Tata said India Inc would definitely like to be part of the economic stake holder in Jammu and Kashmir. Rahul and top Kashmir businessmen were also present at the meeting.

Omar said the security situation in the state had shown considerable improvement for multinational companies to come into the state and help in its economic growth.

In his interaction with reporters, Tata said it was for the industry leaders to do something for people of Kashmir so that they become a part of the growth and development of the country.

"It is for us as people in the industry to look beyond our normal places of endeavour to do something in Kashmir, to do something with Kashmir and to do something for the people of Kashmir that will bring prosperity and change," he added.

"The potential is enormous and I think what has happened is today that the doors have been opened," he said.

The industrialist also said he was feeling very emotional in saying that, "it has been a real step forward to be able to have a conversation with a great wealth of human capital that exists in Kashmir".

Rahul, who lent a business dimension to his two-day visit to Kashmir, pledged to do his bit in building a long-term relationship with the youth of the state and fulfil their aspirations.

Besides Tata, Aditya Birla group Kumar Manglam Birla, HDFC chairman Deepak Parekh and Managing Director of Bajaj Auto Rajeev Bajaj were part of the busienss delegation.

At a breakfast meeting with Omar, Tata also expressed his desire to expand his group's activities in the state.

On Centre's decision to allow FDI in multi-brand retail, Rahul gave his backing, saying it

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