Govt receives investment proposals over Rs 74,000 cr
Srinagar, Aug 10: Jammu and Kashmir administration has been bringing in investments in diverse sectors as authorities have received investment proposals over Rs 74,000 crore for the Union Territory.
At the same time, the administration has been revolutionizing the road infrastructure to bring the economic development of Jammu and Kashmir.
According to official figures, the Jammu and Kashmir government has received investment proposals over Rs 74,000 crore from investors over the last few years.
J&K has been looking to bring in investments including in tourism and hospitality, education, health, agriculture, tourism, IT, handicrafts, food processing units, pharmaceuticals, skill development, milk, poultry and wool, infrastructure and real estate, herbal and medicine plant, film sector, renewable energy, and others.
Similarly, the Lieutenant Governor Manoj Sinha has been focusing on road connectivity across the Union Territory.
“The road network is vital for the movement of goods and plays a crucial role in trade and commerce. With better roads, the transportation of agricultural produce, handicrafts, and other local products becomes more efficient. This facilitates the growth of industries, promotes entrepreneurship, and strengthens the local economy. It also encourages investment in the region, as businesses can rely on reliable transportation infrastructure,” a senior official said.
The official said, “J&K administration’s objective is maximum utilization of industries, manufacturing, services sector, village industries, handicraft, tourism and technology to create more jobs in rural areas of Jammu and Kashmir because there is a vast yet untapped talent pool in our villages waiting for an opportunity. We need proper infrastructure in place like better road connectivity.”
The road network also facilitates government schemes and services to reach remote areas, ensuring inclusivity and equitable development. “The new roads have connected remote Gujjar, Bakerwal, and farming communities to urban centres. It also enables them to participate in training programmes, workshops, and exhibitions, which contribute to their skill development and knowledge enhancement. With better road connectivity, farmers can transport agricultural inputs such as seeds, fertilisers, and machinery more efficiently. This leads to increased agricultural productivity, better crop yields, and improved income for farmers,” the official added.
