The government of Jammu and Kashmir is on the path of making this destination investment friendly.
Many investment proposals have been cleared by a single window clearance system bringing thousands of crores as investment.
Chief Secretary of Jammu and Kashmir recently held a detailed review meeting for better investments and trade facilities.
He emphasized on making the Kashmir Haat and Jammu Haat vibrant trade centres. He asked the concerned Directors to take measures to turn them into business hubs round the year. He also stated that Rural Haats should be established at Panchayat level with upscaling at block and District level.
The meeting was informed that more than 3300 applications have been approved by HLLAC with Letter of Intent (LoI) issued in favour of 1879 applicants and lease deeds executed by 260 applicants. It was also made out that in 111 industrial estates 9869 Kanals of land has so far been allotted to the prospective unit holders.
Regarding new estates it was said that 37 DPRs had been prepared by SIDCO and SICOP worth more than Rs 2200 crore besides receiving applications for 2 private estates also. The meeting also discussed the dozens of proposals received by the department for establishing health care projects in the two medi-cities of J&K.
The meeting also deliberated upon the progress made on investments made by foreign companies in the UT. It had detailed discussion on various proposals made by these companies after signing of MoU with the UT administration. These include Dubai based businesses like EMAAR Group, Noon.com, Al Maya Group, GL Employment, MATU Investments and others.