Delegation
from JKTPO met officials from Noida SEZ and TPCI
July 22,
2023, Delhi: A delegation from Jammu & Kashmir Trade
Promotion Organization (JKTPO), led by Sh. Khalid Jahangir, Managing Director
JKTPO met with the officials of Noida Special Economic Zone (NSEZ) to develop a
Special Economic Zone (SEZ) in the Union Territory of Jammu and Kashmir.
Noida Special
Economic Zone is about 310-acre state of the art facility which houses about
210 units from IT, ITES, Electronics, Gems & Jewellery, Aerospace
Manufacturers, Packaging Industries, etc., and is one of the biggest SEZs in
India. The delegation led by Sh. Khalid Jahangir, Managing Director JKTPOhad a
detail discussion with Sh. Surendra Malik, Joint Development Commissioner,
NSEZ, and his team on the operations.
Sh. Surendra Malik
and his team suggested the idea of developing a private SEZ in Jammu and
Kashmir for IT, ITES, Handicrafts, Jewellery, Food Processing and Pharma
sectors who are majorly into exporting. The team also assured Sh. Khalid
Jahangir that they would check with the interests of private players to setup
and SEZ in the UT. JKTPO will also be organizing a virtual meeting soon with
NSEZ to present the UT’s strengths to have an SEZ in the region.
A SEZ usually
includes Free Trade Zones, Export Process Zones, Freeports, and many other
benefits the state and central governments. This would hugely benefit
manufacturers who are exporting their products from J&K. The delegation
also visited units of NeoKraft Global Pvt Ltd and KnitPro International who are
manufacturing products in the NSEZ.
Sh. Khalid
Jahangir, Managing Director of JKTPO also met Sh. Sandip Das, Deputy Director
General of Trade Promotion Council of India (TPCI) to discuss and expedite the
forthcoming Buyer-Seller Meet (BSM) scheduled to be held in August in Jammu.
This significant meeting aimed at enhancing trade opportunities for the region
and strengthening the export capabilities of Jammu and Kashmir.
During the
discussion, Sh. Khalid Jahangir emphasized the importance of prior orientation
sessions for the exporters representing Jammu and Kashmir in the upcoming BSM.
These sessions will enable the exporters to acquire a comprehensive
understanding of various technicalities involved in exports, including
logistics, financing, sampling, insurance, and other relevant aspects. By
empowering the exporters with essential knowledge, JKTPO aims to facilitate
seamless trade interactions during the event.
The meeting
concluded on a positive note with the formulation of a detailed responsibility
matrix, outlining the roles and responsibilities of all stakeholders involved
in the event. This matrix will ensure efficient coordination and cooperation
among all parties, enabling the BSM to run smoothly and productively.
Moreover, the
delegation discussed plans to mobilize potential buyers and investors,
attracting them to participate in the event. The BSM will provide a unique
platform for buyers to explore the diverse range of products offered by exporters
from Jammu and Kashmir, thereby fostering new trade partnerships.
In addition
to the above, the delegation and TPCI also finalized the process of onboarding
relevant stakeholders who will be participating in the informative sessions
during the BSM. These sessions will offer valuable insights into the
intricacies of international trade and provide a platform for interactions and
knowledge-sharing among exporters, buyers, and other key players.