Pace of development
Despite all efforts by the administration, most of the projects have missed their deadlines and many of the projects have been delayed resulting in very slow process of development.
With poor development scenario it is very difficult to get investments into the Union Territory of Jammu and Kashmir especially to Kashmir valley. Government will have to delink the projects from the ground situation and get the work force for such projects in such a manner that no law and order problem will delay the pace of work.
All the efforts of administration will bear fruit only if the pace of development is not disturbed by the ground situation especially in Kashmir valley. Recently Department of PW(R&B) has targeted to complete 180 projects by end of March 2020. The Department till now has completed 111 projects which include 50 roads, 56 bridges and 5 buildings. Rs 221.74 crore have been incurred on these languishing projects till date.
Notably, the Jammu and Kashmir Government with its all-out efforts created a special fund to complete all the languishing projects, works of all the Departments which were left halfway due to the scarcity of funds.
The Department of Finance, under the Jammu and Kashmir Infrastructure Development Finance Corporation Limited (JKIDFC) started sanctioning the languishing projects in the year 2018.
The Government with the supplementation of Central resources, made concerted efforts in rebuilding of destroyed infrastructure in the shape of roads, bridges, school buildings and the social infrastructure. With this objective in view, special schemes have been launched besides bolstering the ongoing schemes of the Public Works Department.
All these efforts will go a long way to project Kashmir as a destination for investment but in the given scenario of slow growth, it is very difficult to get the investors in the Union Territory of Jammu and Kashmir especially to Kashmir valley.
VOV NEWS DESK
