Central government and J&K administration have been working for the investors’ summits in order to give a boost to the investments in Jammu and Kashmir.
In this direction Investors Summit in Dubai on January 6, Lieutenant Governor, Manoj Sinha, said that Jammu and Kashmir has transitioned from a dormant commercial destination to a region of opportunity and investment. In 2021, the Union Territory got $2.5 billion (approximately Rs 18,568 crore) investments demonstrating the region’s vast opportunities and business potential.
For economic empowerment of Jammu and Kashmir, a 36-member business delegation from UAE visited Kashmir Valley to explore business opportunities. An official said around 70 thousand crore investment is expected to come from foreign investors.
The business community of Jammu and Kashmir welcomed the step saying it will be a start of a new era of economic development of Jammu and Kashmir.
He asserted that “rapid and enormous” progress will be there in Jammu and Kashmir in the years to come given huge thrust by the Government of India to promote investments in the Union Territory.
In fact, one of the MoUs was signed during my earlier visit also when I was there with LG Manoj Sinha in Kashmir. It seems that a whole host of investors had the benefit of visiting Jammu and Kashmir experiencing the beauty, glory and offerings of the Union Territory.