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Parvez Ahmed lays foundation stone of J&K Bank Complex at IGC Samba

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Srinagar, : J&K Bank Chairman and CEO Parvez Ahmed today laid the foundation stone of the Bank’s Complex at Industrial Growth Centre, Samba in presence of the Deputy Commissioner Samba, SSP Samba, Vice Presidents of the Bank, officials of SIDCO and leading industrialists of the IGC Samba besides prominent citizens of the area.

J&K Bank complex will house a state-of-the-art Industrial Business Unit exclusively to serve IGC, a fully Wi-Fi enabled ambiance, full-fledged Cluster Office for quick delivery of credit to the industry, an e-lobby with multi-media facility and a spacious hall to provide corporate customers an exciting space for interaction.

Speaking on the occasion, Parvez Ahmed said, “There is a correlation between infrastructure and industrial development which provides a strong rationale for the concentration of industries and allied sectors in special zones offering easy value addition and enabling prompt service delivery. And we view the industry as one of the significant customer basis towards which we have always remained proactive in providing the best services.”

“The bank has enhanced its engagement with the local industries manifold in the recent past by directing the flow of credit to productive sectors of the state. And we believe this multi-purpose complex in the heart of Industrial Growth Centre Samba will be the most relevant, timely presence in the area and shall go a long way in cementing the relationship further between the bank and the industries. Through our dedicated offerings here, we shall be able to serve you instantly and enhance our partnership in the growth of industrial units in Samba”, he added.

Emphasizing on the need to catalyze entrepreneurial initiatives, he said, the Bank strongly believes that entrepreneurship is important for the future of the state particularly, considering low employment opportunities, which makes it very important that indigenous industries flourish and attract investments.

While acknowledging the role of MD SIDCO and his team in facilitating the land allocation for the Business Unit, Parvez Ahmed appreciated the role of IGC Samba in facilitating and motivating the young entrepreneurs for the initial process of industry set-up besides offering them maximum benefit of various employment and industry oriented programs run by the Central and State Governments.

“IGC Samba has been successful in attracting investments from outside the state too due to its location and proximity with the rest of India”, Chairman said.

The Deputy Commissioner Samba Rajinder Singh, requested the Chairman and CEO JK Bank to open few more branches in some rural pockets of the district to improve the banking penetration in the district. The Chairman appreciated the keen interest & proactive support of the district administration to the initiatives of the Bank. He issued on the spot instructions to the Zonal Head Kathua to prepare a feasibility report for opening of more business units in consultation with DC Samba within a period of one month and assured the gathering that the bank will take all possible steps to improve the outreach of the bank in under banked areas.


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