SRINAGAR: The Government of Jammu and Kashmir has received a record investment of Rs. 1547.87 crore this fiscal year, the highest ever compared to previous years, according to Minister of State for Home Affairs Nityanand Rai. Investments in the last five years include 840.55 Cr in 2017-18, 590.97 Cr in 2018-19, 296.64 Cr in 2019-20, 412.74 Cr in 2020-21, 376.76 Cr in 2021-22, and 1547.87 Cr from 2022 to Jan 2023. This information was provided by the Government of Jammu and Kashmir to the Lok Sabha.
The minister said during the year 2022-23, till January 2023, a record investment of Rs. 1547.87 crore has been received by the Union Territory.
“The investment during the current financial year is the highest ever compared to any of the previous financial years,” he said.
He also said that the government expects investments to further increase in the next five years in various important sectors like manufacturing, service sector, healthcare and pharmaceuticals, agro based industry, tourism (including film & medical tourism) etc.
“In this connection, the government of Jammu and Kashmir has already received investment proposals worth Rs. 64,058 crore. The Centre has notified the new Central Sector Scheme for Industrial Development of Union Territory of Jammu & Kashmir on 19.02.2021,” he said.
He added various policy initiatives have been taken by the government of Jammu and Kashmir, which includes J&K Industrial Policy 2021-30, J&K Industrial Land Allotment Policy 2021-30, J&K Private Industrial Estate Development Policy 2021-30, J&K Wool Processing, Handicrafts and Handloom Policy 2020.
“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,” he said. (KNO)