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Investment destination

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Jammu and Kashmir is at the brink of getting investments from the different business houses especially from outside. Recently the Chief Secretary of Jammu and Kashmir was in London for an investment meet and appealed to the global investment players to come to J&K.

He mentioned that the Government of India is working towards making India a hub of global supply chain under the ‘Atmanirbhar Bharat’ campaign. He recollected that a host of initiatives like Make in India, Vocal for Local, Promoting exports under District as Export Hub, market linkages for MSME industries to both domestic and global value chains, etc have been rolled out in this direction. He gave out that in this backdrop the Jammu and Kashmir Industrial Policy (JKIP) 2021-30 is a welcome change from the previous industrial policies and the industrial ecosystem in J&K is set to witness a paradigm shift.

Talking about the local initiatives he resonated that “Government of Jammu & Kashmir took bold and decisive steps of breaking the shackles in the path of development and the UT is fast moving towards integration with national economic trajectory, to become a prosperous and self-reliant Union Territory”. He reiterated that momentous decisions have been taken which have changed the constitutional framework, removed artificial legal and economic barriers between J&K and the rest of the country and have fully integrated J&K market with the national market and at par with other parts of the country. He informed the gathering that the people of J&K can now fully enjoy the rights and benefits enjoyed by all other citizens of India rather than just a limited set of rights and benefits. He stated that a strong grassroots democracy has been set up with genuine participation of people at the lowest rungs of governance in Panchayats and Urban Local Bodies.

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