London, July 12 -- Jammu and Kashmir administration is in the final stages of designing an ambitious industrial promotion policy to attract private investment, Lt Governor G C Murmu said on Saturday, as he invited investors from across the globe and assured full support for their interests in the Union Territory.

He also said that the proposed global investment summit in Jammu and Kashmir would be held soon and would be announced once the COVID-19 pandemic is brought under control.

"We are in the final stages of designing an ambitious industrial promotion policy 2020. It will have elements like tax exemption and very attractive land policy. this will be in addition to the incentives to be provided by Government of India through a specia...