Revival of sectors
The J & K government has identified many back bones of the economy and has started working on their revival. Recently LG Manoj Sinha said that the revival of different sectors of economy like handicraft, industrial investment, tourism and unprecedented pace in building infrastructure has given the Union Territory of Jammu & Kashmir enviable strength and self-confidence.
Artificial boundaries were created within the system, which have been removed to ensure growth with equity so that every citizen of J&K benefits from fast economic development, rapid social change and J&K’s prosperity.
In the connectivity sector, earlier only 6.54 KM roads were being built every day, which has now been substantially increased to 20.68 KMs road per day. Approximately, Rs. One Lakh Crore is being spent on road and tunnel infrastructure, which are opening up new vistas for the people living in far-flung areas.
It is pertinent to mention that in 2018-19, only 9,229 projects costing Rs.67,000 Crore were completed. Subsequently, in 2020-21, 21,943 projects with an expenditure of Rs.63,000 Crore were completed. The FY 2021-22 set a new record by completing 50,726 projects. The present infrastructure is expected to expand at a much more accelerated rate in the coming days.
He highlighted the measures to improve agriculture and horticulture productivity such as diversification of high-density crops, availability of high-quality seeds, improvement in water management and promotion of technology. He said that the all-round improvement in this important sector would contribute significantly toward economic growth of the Union Territory of J&K and employment creation.