Srinagar, Feb 26 (KNS): The Union Territory of Jammu and Kashmir anticipates a surge in private investments in the coming months, with the Central and the Union Territory government urging authorities to explore avenues for outside industrialists to invest in the region.
In response to this directive, officials from both the Central government and the Jammu and Kashmir administration have engaged in multiple meetings with key private stakeholders to discuss potential investment opportunities.
“The purpose of these meetings was to assess the feasibility of attracting more private investment,” a source in the government told KNS.
The Jammu and Kashmir government has already extended invitations to private investors to consider various sectors such as healthcare, education, tourism, pharmaceuticals, and production facilities for investment.
Furthermore, the government has streamlined the approval process for project proposals through a web-based single-window system, facilitating investors to obtain all necessary approvals seamlessly without physical interaction with regulatory authorities.
“We have held extensive discussions with delegates and investors from both domestic and international spheres regarding their business proposals,” stated a senior official from the industries and commerce department.
Moreover, prospective investors have been encouraged to visit the region and explore firsthand the investment opportunities facilitated by the UT government.
According to official sources, numerous new companies have expressed interest in investing across different sectors in Jammu and Kashmir, including the apple industry, hospitals, cold storages, dry fruit and saffron industries, as well as tourism and hotel industries.
“All of these entities have submitted comprehensive project proposals outlining their business plans,” the source confirmed.
To expedite land allotment under the new industrial policy, the government has introduced an online registration option, enabling investors from across India to submit their proposals seamlessly.
The introduction of online registration aims to provide a hassle-free experience for investors seeking to expand their presence in Jammu and Kashmir.
Additionally, Jammu and Kashmir has signed several agreements with global investors to attract investments in real estate, infrastructure, tourism, healthcare, and employment sectors.
Notably, Lieutenant Governor Manoj Sinha has extended invitations to business leaders from the United Arab Emirates on multiple occasions, emphasizing collaboration for the region's development and prosperity.(KNS)