Veerappa Moily Wants To Ignite Corporate India Interests In Kashmir

Veerappa Moily Wants To Ignite Corporate India Interests In Kashmir

25 May 2012
The Economic Times


Srinagar: Corporate Affairs Minister Veerappa Moily on Friday said his ministry will ignite the corporate mindset and ensure Corporate India makes Kashmir as part of its success story. Apart from handholding the youth from the state to have new ventures, the corporate India will be encouraged to invest in the state and get benefitted from the impressive human resource pool that J&K has. 'There are professions in which there is no unemployment - the chartered accountants, the cost and assets professionals and the company secretaries,' Moily said. 'While the ICSI ha already a chapter, I have just got confirmation from the Chartered Accountants Association that they are setting up a major chapter in Srinagar.' He said some south India based professional associations are keen to handhold these professionals by imparting better high-end training, besides, creating a professional relationship with the universities in the state to get the talent trained. 'I am aware of the capabilities of the human resource in J&K and one of the best instances is the J&K Bank that made profits even when the best banks in India suffered because of recession,' Moily said. 'Give the youth (in J&K) an enabling environment and guidance and they will offer impressive yields.' Dr Moily said he had a detailed meeting with the chief minister Omar Abdullah who agreed to identify the areas where J&K need to be focused in the union development policy for the corporate sector. 'I suggested that even farmers and artisans can have smaller companies and Omar will hopefully preside over a task force on that front,' the minister said. A well organized and strong corporate sector at local level, Omar said will help outside business houses to invest here and enter into the partnership for launch of projects in the PPP mode and also in collaboration with government concerns. The other issue that Moily talked about was the CSR. He said while the PSUs will be encouraged to invest in the state, his ministry will also see how best the corporate can help. The minister told reporters that he will explore the possibilities of taking up issues of labour management and ecological concerns that some of the listed companies are allegedly compromising while implementing various road and energy projects in J&K.