The government in October appointed former Intelligence Bureau Director, Dineshwar Sharma, as special representative for Kashmir to speak with all stakeholders in Kashmir valley. Mr Sharma has said he could speak with people who are interested in "permanent peace".
"This is the time when things calm down and this is the time period we need to work on and push various initiates so that peace can be restored in the valley," said the official who asked not to be named.
Defence Minister Nirmala Sitharaman along with Indian Army chief General Bipin Rawat and National Security Advisor Ajit Doval attended the meeting that lasted over 90 minutes, the official said. Dineshwar Sharma was also at the meeting.
The ministers agreed that Mr Sharma, who has long experience in the intelligence service, should use this period carefully and try to engage the maximum number of people for peace talks. Mr Sharma, during his first visit to the valley earlier this month, met with various delegations including some political parties.
National Investigation Agency chief YC Modi and Enforcement Directorate Director Karnail Singh also attended the meeting. People familiar with the matter said the intelligence officials gave details about the crackdown on some separatists in Jammu and Kashmir.
Though the government is looking to engage in peace talks in the valley, the Union ministers and the officers agreed that there will be no let up in military operations against terrorists, the official said.
Since January this year, 310 terror incidents have been reported in the valley; 180 terrorists have been killed. In 2016, some 322 terror incidents were reported and 150 terrorists were killed.
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