An investors' summit will be held in Jammu and Kashmir in October, the government said today, announcing the first such global event in the state days after the end of its special status under Article 370. The centre's decisions to scrap special status and Article 35A, which banned outsiders from owning land in Kashmir, would open the floodgates of investment in the state, an official said today.

"We have got very little time but we will try to make it a success," said NK Chaudhary, the Principal Secretary, Commerce and Industry.

"Opportunities for sectors like tourism agriculture health education are welcome to be explored here in the state," Mr Chaudhary said, adding that the summit would provide a platform for startups to grow.

The event, from October 12 to 14, will be launched in Srinagar. Officials hope that eight more countries will participate in the summit.

Prime Minister Narendra Modi said in his address to the nation on Thursday that Jammu and Kashmir would now attract investors and benefit from its rich resources like in horticulture, agriculture, handicraft and tourism.

An official said major industry groups were likely to participate in the three-day event.