Crescent Kashmir

Government says have received huge investment in J&K

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By: Muzamil Bhat CK


Central government has said that they have received a lot of investment from the investors in Jammu and Kashmir post abrogation of article 370.

While the government is claiming that thousands of crores worth investment has come to Jammu and Kashmir by their new industrial policy, the mainstream political parties of Kashmir have contested these claims of the government and said that there is no change on the ground.

Recently Mehbooba Mufti and Omar Abdullah have claimed that post abrogation of article 370 all the promises done by the central government none of them has been fulfilled including employment opportunities, investments and peace.

According to the news agencies on Wednesday the government informed Rajya Sabha in a written reply that the Government of Jammu and Kashmir has received investment proposals worth approximately Rs 31,000 crore so far after the abrogation of Article 370.

MoS Home Nityanand Rai in a written reply to Rajya Sabha on the question of MP Narayan Dass Gupta said that the Government has notified the New Central Sector Scheme for Industrial Development of Union Territory of Jammu and Kashmir (J&K) on February 19, 2021, to attract capital investments in Jammu and Kashmir.

This has been supplemented by the J&K Industrial Policy, J&K Private Industrial Estate Development Policy and J&K Industrial Land Allotment Policy.

“These steps have generated a good response and the Government of Jammu and Kashmir has reported receiving proposals for investments worth approximately Rs 31,000 crore so far,” MoS Home Rai further informed the Upper House.

With agencies inputs

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