J&K gets Rs. 70,000-cr investment proposals
It’s within a year after 2019 historic transformative changes. The industrial revolution started just a year ago has achieved much more than what the Union Territory had clocked in the last 72 years. After the implementation of the new industrial scheme, investment proposals worth Rs48,000 cr have been received - Manoj Sinha, Jammu&Kashmir Lt Governor
image for illustrative purpose
Jammu: Cautioning people about a section in society which has always been misleading them about imaginary issues like demographic changes, Jammu &Kashmir (J&K) Lt Governor Manoj Sinha on Tuesday said a target of investment proposals worth Rs70,000 crore has been achieved within a year after 2019 historic transformative changes.
He said the central government under the "strong and able leadership of Prime Minister Narendra Modi" took the bold and decisive step of breaking the shackles erected in the path of development of Jammu and Kashmir which is fast moving towards becoming a powerful and self-reliant Union Territory.
"After the historic transformative changes in August 2019 (when centre abrogated Article 370 and bifurcated the erstwhile State into two UTs), Jammu and Kashmir is poised to become the latest success story among Indian States and a model of socio-economic development for the country," Sinha said in his Republic Day message.
Extending his heartiest greetings and best wishes to all on the eve of the 73rd Republic Day, the Lt Governor said despite challenges, efforts are underway for turning Jammu and Kashmir into a preferred destination for industrial investment and opportunities. "The industrial revolution started just a year ago has achieved much more than what the Union Territory had clocked in the last 72 years. After the implementation of the new industrial scheme, investment proposals worth Rs 48,000 crores have been received," he said. He said the land use change policy which was a major impediment for the industrial development of the region has been simplified which is likely to attract more investment.
"However, the people are being misled on this issue too," he said, without naming anyone but apparently referring to the criticism by regional parties, especially the National Conference (NC) and the Peoples Democratic Party (PDP). The Lt Governor assured the "land owners and farmers that all these changes have been effected with the sole aim of empowering them. There is a section in the society which has always been misleading the people about imaginary issues like demographic change, and on this pretext the most hardworking and needy class of people had been deprived of alienated their own land, or even using it as per their wishes or requirements." The Lt Governor reiterated the administration's commitment to promoting local businesses in the real estate sector.
Jammu and Kashmir recently hosted the first-ever historic Real Estate summit in December 2021, in which investment proposals worth Rs 18,300 crore were finalized, while the investment proposals attracted by J&K in the recently concluded Dubai Expo stands at Rs 3,000 crore. "In total, a target of investment proposal worth Rs 70,000 crore has been achieved within a year," the Lt Governor said. He said the government is committed to build a strong Jammu and Kashmir and "we will continue to march ahead with Mantra of 4 P's -- Peace, Progress, Prosperity and People first." The Jammu and Kashmir Private Industrial Estate Development Policy has been introduced, which incorporates mechanisms for public-private partnership in the industrial sector.
The Lt Governor highlighted the co-existence of various religions, enriching and diversifying Jammu and Kashmir's cultural heritage and making the Union Territory an example of immortal organic composite Indian culture.
