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J&K no longer sleeping biz destination, emerges as top choice for investors
8/6/2022 11:16:45 PM

Early Times Report

Jammu, Aug 6: J&K Lieutenant Governor Manoj Sinha has reasons to claim that Jammu and Kashmir has emerged as a favourite destination of foreign and domestic investors the Union Territory has received investment proposals worth Rs 56,000 crore in the last few months.
“Since Independence, Jammu and Kashmir had received private investments to the tune of Rs 14,000 crore only”, the Lieutenant Governor said but added that after the introduction of the new Industrial Development Scheme following the abrogation of Article 370 the UT has received investment proposals worth Rs 56,000 crore.
While addressing investors and business leaders in Dubai on January 6, 2022, the Lieutenant Governor said the UT of J&K now has a sage and conducive environment for the businesses to flourish, besides having a young population and a demographic dividend to its advantage.
“We are devising new paths, new policies, creating critical infrastructure, and unlocking the business potential of Jammu Kashmir to strengthen our business ecosystem for the post-pandemic world and embarking on the journey of growth and development”, he said. “J&K has the capability to provide an opportunity to industries to compete, connect and collaborate with its readily available abundant resources. In the last some months, J&K has transformed from a sleeping business destination to the land of opportunities and investment”, the Lt Governor said.
Due to transparent policies, and ease of doing business, we were able to clock investment proposals worth Rs.45,000 crore and an additional Rs.18,300 crore in the real estate sector, added the Lt Governor. “Jammu Kashmir is rising. The best time to invest in J&K is 'now'. Our performance shows the world has an opportunity to develop and grow with the enormous opportunities Jammu Kashmir offers at this exciting period of time”, Lt Governor said.
“I have set a high target of economic growth for Jammu Kashmir, which is the crown jewel of India. With the ageless culture visible in the layers of history and as a witness to the co-existence of almost all major religions known to humankind, Jammu Kashmir has created an inclusive cultural ecosystem for the country” the Lt Governor further added.
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