In Fiscal 2021-22, Kashmir Got The Lowest Investment In Last Five Years, MHA Says

by Yawar Hussain

SRINAGAR: Jammu and Kashmir received Rs 376. 76 crore investment in fiscal 2021-22, which is the second lowest in the last five years for the federally administered region.

The details were divulged by the Union Home Ministry in Lok Sabha in a response to an unstarred question of Pratap Chandra Sarangi, Dr Ramapati Ram Tripathi and Brijbhushan Sharan Singh.

The Union Home Ministry said that the lowest investment of Rs 296.64 crore, in the last five years, had come during the 2019-20 financial year followed by an investment of Rs 412.74 in 2020-21.

In the pre-August 5 years of 2018-19, when the BJPDP government fell apart, the erstwhile state had received an investment of Rs 590.97 crores.

In 2017-18, Jammu and Kashmir had received the highest investment in the last five years at Rs 840.55 crores.

The Union Home Ministry also informed the lower house that to encourage investments in Jammu and Kashmir, “the Government of India notified the New Central Sector Scheme for Industrial Development of Union Territory of Jammu and Kashmir on 19.02.2021.”

“This has been supplemented by the Jammu and Kashmir Industrial Policy 2021-30, Jammu and Kashmir Industrial Land Allotment Policy, 2021-30, Jammu and Kashmir Private Industrial Estate Development Policy 2021-30. In addition, various other measures have been taken to improve the business environment through ease of doing business, economic package, operation of night flights from Jammu and Srinagar, etc,” the Home Ministry said.

The Home Ministry said that the Government of Jammu and Kashmir has reported receiving proposals for investments worth approximately Rs 64,000 crore so far.


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