NEW DELHI: Supporting the Centre's move to remove Section 370 from Jammu and Kashmir, the CII has said it will boost investment activities there. CII Chief And Kotak Mahindra Bank Managing Director and Chief Executive Officer Uday Kotak met Finance Minister Nirmala Sitharaman along with other members of the industry board on Friday. After the Finance Minister told the media that we want investment in various sectors of Jammu and Kashmir.

We have assured the Government and the Finance Minister that the CII will support the investment initiative in Jammu and Kashmir. The meeting between Sitharaman and the ciimembers lasted for about an hour and discussed various aspects of the economy. Kotak said the CII members put their views before the Finance Minister. Talking to reporters, Uday Kotak said that the CII members have spoken to the Finance Minister about his views. We want the economy to hold up at speed.

In this meeting, the Finance Minister listened to the views of the members of the CII and asked them to consider their suggestions. Foreign Portfolio Investors (FPI) have also been discussed at the meeting. The government had recently abolished the status of the state of Jammu and Kashmir and divided it into a centrally-ruled state. The government defended the move, citing investment and growth.

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