New Delhi: With restrictions still in place and increasing threats of terrorism, the Jammu and Kashmir investor summit, scheduled for October, has been pushed to 2020.
Jammu & Kashmir remains in a state of lockdown with only partial communication lines restored nearly 45 days after the Centre scrapped Article 370 of the Indian Constitution, granting special status to the state.
"The State Administrative Council (SAC) which met Governor Satya Pal Malik reviewed the preparedness of holding the J&K Investor Summit which was earlier scheduled from 12-14 October 2019. SAC after taking note of the level of preparedness decided that the J&K Investor Summit be rescheduled to 2020," the J&K administration said in a statement late on Thursday.
The statement said the decision was taken to "give the Industries and Commerce Department reasonable time for making necessary preparations to secure robust participation of the investors in the summit," but a person familiar with the development said the decision was also taken for safety reasons following reports of rising terrorist movements in Baramulla and Shopian, in Kashmir.
The new dates for the investor summit are yet to be finalised.
"The decision has also been taken to allow completion of all policy revisions by the state and the central government, further deliberations with prospective investors and other logistics related to the event," it added.