Progress on ground
J&K administration has taken slew of measures and has created land banks for the industrial estates. Recently LG Manoj Sinha said that tremendous progress has been made in upgrading infrastructure, connectivity and a host of incentives are available now for new investments. Infrastructure projects worth Rs one lakh crore are already ongoing in J&K.
For better power supply, six new hydro power projects are being set up, besides the supply chain has been strengthened and skilled manpower for Industry 4.0 technology is also being created in collaboration with IITs, NITs and Tata Technology for providing knowledge and human capital to the industries. Jammu and Kashmir has cheapest electricity, the lowest crime rate and is giving 400% more incentives as compared to other developed states/UTs.
Recently a delegation of 30 multinational companies came to J&K and at least 15 to 20 UAE companies are expected to invest in the UT. Dubai’s Emaar group is going to develop a 500,000 sq ft shopping mall in Srinagar.
A group of businessmen from UAE had also met Hon’ble Prime Minister during his visit to J&K on April 24, which has infused new confidence and energy in the J&K.
He extended invites to Industry leaders to come to J&K for exploring business opportunities and becoming partners in UT’s unprecedented developmental journey.