Government of Jammu and Kashmir after changing the industrial policy they are expecting a lot of investments from outside here.
The efforts of the administration have started showing the visible impact on the ground. Jammu and Kashmir is emerging as top investment destination across Country
The investment projects worth Rs 10,000 crore are under execution in Jammu and Kashmir and proposals of around Rs 60,000 crore are being processed which reflects the successful campaign of J&K Government to attract investors to Jammu and Kashmir.
In Naya Jammu & Kashmir, the investment ecosystem has changed a lot after abrogation of Article 370 and thousands of budding entrepreneurs are setting up their own units and are emerging as role models.
The days of struggle for entrepreneurs are over and youngsters who desire to establish their own ventures are handholded by the Government through various schemes and provided all possible assistance to chase their dreams.
New industrial estates are coming up and during the past two years, more than 3,300 applications have been approved with Letter of Intent issued in favour of 1,879 applicants besides lease deeds have been executed in favour of 260 applicants. In 111 industrial estates, 9,869 kanals of land has so far been allotted to prospective unit holders. These unit holders have in turn deposited a sum of Rs 217 crore into the government exchequer as their lease dues.