Top corporate honchos from across industries and industry bodies have lauded the government's decision to abrogate Article 370 of the Constitution that accorded Jammu and Kashmir (J&K) a special status. Calling it a landmark move, industry captains said the scrapping of Article 370 will allow peace, prosperity and harmony to grow in the valley and that the community should see this only as a positive move for their benefit.
Top corporate honchos from across industries and industry bodies have lauded the government's decision to abrogate Article 370 of the Constitution that accorded Jammu and Kashmir (J&K) a special status. Calling it a landmark move, industry captains said the scrapping of Article 370 will allow peace, prosperity and harmony to grow in the valley and that the community should see this only as a positive move for their benefit.
Anand Mahindra, chairman, Mahindra Group said there are some decisions, which when taken, evoke the reaction, 'Why couldn't this have happened earlier?' "Today's decision falls in that category. It's time for us all to embrace Kashmiris as an indistinguishable and inseparable part of our national community," he tweeted.
Niranjan Hiranandani, managing director, Hiranandani Group, said the significant move in theory opens up potential opportunities for the development-led economic growth in the Union territories of J&K and Ladakh. "This incredible move will translate into revocation of the ban on the real estate development by the people outside the state. This will provide an impetus to the growing economic growth of the largest democracy and fetch better employment opportunities contributing to the nation's projected gross domestic product growth," Hiranandani said.
WHAT THEY SAY
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It's time for us all to embrace Kashmiris as an indistinguishable and inseparable part of our national community
– Anand Mahindra, chairman, Mahindra Group This incredible move will translate into revocation of the ban on the real estate development by the people outside the state
– Niranjan Hirandani, managing director, Hiranandani Group With the #Article370 revoked, I expect investments to return and the saying come back true, if there is heaven on earth, it is here, it is here, it is here
– Harsh Goenka, chairman, RPG Enterprises
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Harsh Goenka, chairman of RPG Enterprises, tweeted, "We used to have two beautiful factories including a tulip garden in Kashmir. With militancy these had closed down. With the #Article370 revoked, I expect investments to return and the saying come back true, if there is heaven on earth, it is here, it is here, it is here."
"I have always believed that #Article370 should be abolished - its existence was a result of unfortunate politicisation of the #Kashmir Valley. The archaic #Article370 unfortunately worked against the common good of the Kashmiris. I support the @BJP on this decisive move. Also, glad to see them deliver on their election manifesto," Sajjan Jindal, chairman and managing director, JSW Group, tweeted.
Biocon chairperson Kiran Mazumdar-Shaw tweeted, "An important decision that is not an easy one, but one that will reap economic benefits for Kashmiris and integrate them holistically into national equity."
Terming the decision as historic, Assocham president B K Goenka, said the move would enhance India's all-round development and pave the way for peace and development in J&K. "It is yet another decisive measure towards 'One Nation One Constitution' goal that will weave the paradise state further with the national economy and fabric. The bold step would open up the flow of investment into the state in sectors like tourism, real estate, handicrafts, horticulture and food processing. The multiplier impact would increase the employment opportunities and contribute to India's all-round prosperity," he said.
Vikash Mittersain, chairman and managing director, Nazara Technologies, said that Article 370 had negatively impacted the state and the country at large, breeding separatist sentiments and depriving able youth of equal opportunities, as the rest of the country, for the past 72 years. "I am extremely happy that this trend has finally ended. This has opened up new business opportunities for Kashmir, which never existed before, giving rise to a new Kashmir. India will now finally be a complete country. The progressive and uninhibited partnership of Narendra Modi and Amit Shah is giving shape to the new Sardar Vallabhai Patel persona. This is the face of new emerging India," said Mittersain who is also founder and president of India Business Group Chamber of Commerce.
The government's steps on J&K, according to the office-bearers of the Confederation of All India Traders (CAIT) and Chamber of Traders Federation (CTF), Jammu, will integrate India into one nation. The bold step, according to CAIT national president B C Bhartia and secretary-general Praveen Khandelwal, would end the cycle of mindless violence and unlock the real potential of trade in this beautiful state.
With J&K becoming a Union Territory, CTF president Neeraj Anand, said, toll tax stands abolished thus fulfilling our long-time demand.
The trade leaders said the road ahead is filled with opportunities for all-round development of the state, however, handholding will be required for some time as many ills patronised by the dynastic rulers have become the norm in the day to day public dealing.
Requesting the government, the trade leaders have sought honest officers from all across India to be posted in J&K to lay the foundation of an inclusive society having equal opportunities for all.
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 "(From L-R) Anand Mahindra, Niranjan Hiranandani and Harsh Goenka")
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