Jammu, Feb 22 (IANS): Advisor to the Jammu and Kashmir Lt Governor, Farooq Khan, has reiterated that the Union Territory of Jammu and Kashmir will flourish in the times to come and in this regard the Global Investors' Summit is the first step.

Addressing a conference of the Confederation of India Industry (CII) titled Re-Imagine J&K - "Turning Potential to Opportunities", Khan, who was the chief guest on the occasion, appreciated the efforts of the CII in organising the event on this theme.

The aim of the Conference was to accelerate the development process besides promotion of key sectors.

The Conference was also attended by business entrepreneurs, industrialists, government officials, financial institutions, academic institutes, researchers and policy planners.

On the occasion, Khan also shared ideas with young entrepreneurs on the significance of branding of local products to attract the consumers globally thereby creating new avenues.

Speaking on the occasion, Sameer Gupta, Chairman, CII Northern Region and Managing Director, Jakson Limited, congratulated the government for a new version of J&K after its reorganization, adding that employment creation needs a strategic boost and the key sectors to be propelled for more job generation include the tourism ecosystem, infrastructure development, entrepreneurship, Information Technology and agriculture and food processing.

Ravi Shankar Sharma, Additional Secretary, Housing and Urban Development, discussed the need for infrastructure development in J&K while emphasizing on investments in the housing and urban sectors.

Sajad Hussain Ganai, Director Technical Education, said Industry has a close connection with technical education which is an interface between industry and academia supplementing human resource for the industrial world.

Chairman of CII J&K Council, Farooq Amin, said Jammu and Kashmir has immense potential to become the economic power house of the country.