Parliamentary Panel Seeks Details Of Investment Proposals Received For J&K Since Its Conversion Into Union Territory

SRINAGAR: A parliamentary panel has asked the Centre to submit the details of investment proposals received for the Union Territory of Jammu and Kashmir since its creation.

In its report tabled in the Parliament earlier this month, the department-related parliamentary standing committee on Ministry of Home Affairs has asked the Centre to apprise it about details of the projects undertaken/ proposed for creating a necessary social and physical infrastructure for attracting new industries and entrepreneurs in Jammu and Kashmir.

“The committee also desires to know about the details of investment proposals received for the UT of J&K since its creation,” reads the report, a copy of which is in possession of news agency KNO.

J&K was downgraded into a UT from October 31, 2019, after Parliament enacted Jammu & Kashmir Reorganisation Act-2019.

The Committee has reiterated its recommendation of setting up a planning board and investment promotion agency in J&K in a stipulated time to formulate investment plans and coordinate with the industries from various sectors and countries to increase investment in J&K.

In its earlier report, the committee emphasized the need for proper physical and social infrastructures like land, capital, storage, roads, railways, air connectivity communication, power, skilled, workforce to attract new industries and entrepreneurs into J&K.

“The committee also recommends setting up a Planning Board and investment promotion agency in J&K in a stipulated time to formulate investment plans and coordinate with the industries from various sectors and countries to increase investment in J&K. The MHA should also hold periodic meetings with the Planning Board for guidance and addressing the issues with the concerned Ministries of the Government of India,” read the recommendations made by the panel in its report last year.

The 31-member panel is headed by Anand Sharma of Congress. It comprises of 10 Rajya Sabha members and 21 Lok Sabha members.

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