MD SIDCO Shares Competitive Advantage Of Investing In J&K During Express Technology Sabha At Kolkata29 November, 2015, By Cross Town News
Kolkata, Nov 29: As a part of persistent mission to attract top investments in Jammu & Kashmir, Managing Director, J&K State Industrial Development Corporation (SIDCO) Amit Sharma shared the competitive advantage of setting-up IT and IT-enabled service facilities in J&K to the top such firms of the world. Amit gave his presentation and vouched for investments in J&K during 3-day Express Technology Sabha organized in Kolkata by Indian Express Group for PSUs from all across the nation.
While putting facts about reaching out to J&K in terms of future ventures and investments, MD SIDCO Amit Sharma elaborated that new IT Parks are coming up in J&K as per broader vision of J&K Chief Minister wherein these IT firms can opt for either plug and play model or brick & mortar model, depending upon the need, requirement and nature of operations. He mentioned about the competitive advantage of J&K in terms of cheapest land availability, cheapest power tariffs, tax advantage and lot of other concessions and incentives which are best for upcoming investors. Amit was sharing same during the inaugural panel discussion of this Conference on “Renewing & Building New Capabilities in PSUs with Technology Innovations” which included CMDs and CEOs of PSUs in which Anant Goenka, Wholetime Director and Head-New Media,The Express Group moderated and Vimal Wakhlu, CMD TCIL, Jaiveer Srivastava, CMD, The Fertilizers and Chemicals Travancore Ltd and Brig B.D Pandey (Retd.), MD, The BBJ Construction Co. Ltd. also participated.
Prior to this, MD Amit Sharma also shared the dice alongwith Finance, Industries and IT Minister, West Bengal Amit Mitra for the launch of a Technology-related book created by SAP in collaboration with Express group. MD SIDCO said that this is the most conducive time to invest in smaller cities like Jammu and Srinagar as big firms have realized the fall-outs of working in big metros such as high attrition rate, high cost of operations, vast distances and huge compensation packages apart from paying high rates of taxation, etc.
Apart from this, Amit with his e-Governance background, also actively participated in three brainstorming power-packed discussions held on the sidelines of this Technology Sabha relating to vulnerability, threats, security solutions and latest cloud solutions in which CMDs of top PSUs like Indian Oil, BHEL and heads of top IT-solution brands like Microsoft, Baracudda, Websense and lot of experts from the IT-Industry also participated.
It is worthwhile to mention here that the presentations and discussions held by MD J&K SIDCO Amit Sharma were widely appreciated across the board in throughout the entire Conference and due to it, few US-based IT firms held business meetings with him and express their vision of creating their facilities in J&K which will lead to absorption of local IT-trained youth well within the state only and contribute towards increasing GDP of state.