UT Foundation Day
In connection with UT Foundation Day Lieutenant Governor congratulated and extended his felicitations to the people of Jammu Kashmir on the occasion. He extended his gratitude to every section of the society, Police, Security Forces, Administrative apparatus and all stakeholders for their contribution to J&K’s progress and working tirelessly for a secure and prosperous Union Territory.
Our economic fundamentals are strong. Peace, stability, rule of law and time-tested democratic values make J&K UT an attractive investment destination. The confidence of investors in Jammu Kashmir is reflected in the highest ever inflows of investment in the past 4 years, he said. The Lt Governor also reiterated his commitment for the extension of the new industrial development scheme in J&K.
He highlighted that the J&K Bank is one of the greatest turnaround success stories of the UT.
In 2019-20, the bank has reported a loss of Rs.1139 Cr. It reported a profit of Rs. 1700 Cr in the year 2023-24. In current FY, J&K Bank clocked Rs. 991 Cr in profit, he added.
He called upon the people to remain united, identify and isolate anti-national elements and those disrupting the peace.
He spoke on the important role and contribution of Panchayati Raj Institutions, ULBs, and elected representatives in J&K’s development. He expressed hope that the Panchayati Raj elections would be held soon in J&K.
