Jammu & Kashmir is undergoing the largest economic revolution in the history of UT. With 1,455 industrial units now operating and private investment proposals worth Rs 66,000 crore received in just over a year,
The current industrial landscape is being converted into a profitable, sustainable, and far-reaching ecosystem that will create jobs, improve education and skill development, and improve quality of life. In addition, the government of India has reportedly authorised the New Industrial Development Scheme, with an outlay of Rs 28,400 crore, for stimulating investment in the industrial and service sectors in J&K, which has begun aiding in accelerating economic development in Jammu and Kashmir. From job creation to entrepreneurship, the government is going to make J&K a model of Industry 4.0, the fourth industrial revolution.
“The government is working tirelessly on promoting institutional readiness, increasing entrepreneurship, and attracting investments.”The multiplier effect of industrial transformation will be felt across the entire length and breadth of the UT,” the statement said.
The aim of the J-K Administration is to deepen trust with the business conglomerate, build the industrial base, and strengthen socio-economic stability.
With the consistent efforts of the J&K Administration led by Manoj Sinha, Jammu and Kashmir is emerging as one of the best destinations in the country for setting up new businesses, with the best incentives and improved infrastructure facilities.
Notably, the Industrial Scheme for J&K is giving a boost to domestic manufacturing in the region and helps J-K become Aatma Nirbhar.
