Indian industry upbeat on J&K's resolution

Several chieftains of Indian industry have come out in favour of the Union government's decision on the abrogation of Article 370, which grants special status to the state of Jammu and Kashmir as the move will draw huge investments to the state. Chairman of JSW Group, Sajjan Jindal, said, “I have always believed that Article 370 should be abolished — it's existence was a result of unfortunate politicization of the Kashmir Valley. I support the government on this decisive move" and added: "This ensures that J&K enters the Indian mainstream and becomes a part of our great nation's collective growth. The archaic Article 370 unfortunately worked against the common good of the Kashmiris. With its abolition, nothing will stop peace, prosperity and harmony in the valley and I hope that the community sees this only as a positive move for their benefit." Harsh Goenka, chairman of RPG Enterprises said, “Revoking Article 370 will be remembered forever in the annals of history. We were one of the early investors in Kashmir when my father set up two factories in the late 80s and he was personally involved in creating a beautiful tulip garden with seeds from Holland. I have absolutely no doubt that this landmark decision will spur investment, but only when the unrest settles down. Not only will employment be created, tourism will see good days once again.” Mahindra Group chairman Anand Mahindra said, “The entire country is waiting to exhale over Kashmir and we can only pray for an outcome that makes the nation stronger and the future more positive.”Abhishek Lodha, MD & CEO Lodha Group said that the move will ensure prosperity and growth which will generate job avenues for the local youth. Ashish Chauhan, MD & CEO Bombay Stock Exchange, said,“This has been a historic day for India and Indian democracy. It is time to re-integrate Kashmir into India in the true sense.”