Boost to Tourism and Industrial Development in J&K

Jammu and Kashmir has been expecting fresh boost to tourism and industrial investments from abroad with participation of a high-level delegation of the Union Territory officers in London conclave from December 8-12.
The industrial investments are around Rs 60,000 crore in Jammu and Kashmir after the launch of new Industrial Investments Policy while number of the tourists visiting the Union Territory including the Kashmir valley has also touched all-time high.
Official sources told the Excelsior that the Institute of Directors (IoD), a top level international body, will be involved in five days tourism and industrial promotional programme at London. The Jammu and Kashmir delegation will be led by Chief Secretary Dr Arun Kumar Mehta and comprised Principal Secretary Industry and Commerce Prashant Goyal and Tourism Secretary Sarmad Hafeez.
“It is a major international platform where Jammu and Kashmir will promote tourism and industrial development opportunities in the Union Territory,” the sources said, adding that the visit is expected to be very successful going by the response already being received from abroad.
Number of tourists visiting Jammu and Kashmir including the Valley has touched new highs, which has also found mention in the speeches of Prime Minister Narendra Modi, Home Minister Amit Shah and Lieutenant Governor Manoj Sinha. And, the numbers continue to go up.
Besides domestic tourists, Jammu and Kashmir has also received tourists from abroad.
Jammu and Kashmir got encouraging response from Dubai in industrial investments after visit of the Lieutenant Governor to the Gulf. Several top Industrialists have assured investments in the Union Territory and signed Memorandums of Understanding (MoUs) with the administration.
The groundbreaking ceremony of Rs 38,080 crore worth private investment proposals in Jammu and Kashmir was performed by Prime Minister Narendra Modi on April 24 this year. However, total proposals for investments received by J&K Government were close to Rs 60,000 crore.
But the Government has exhausted Land Bank by allotting land to the investors whose groundbreaking ceremony has already been performed by the Prime Minister.
The Government has now acquired new land for creation of Land Bank after completion of all formalities.
The private investment proposals, which are pending before the Government, will be cleared after development of Land Bank.
The Government has also approved setting up of 22 Medi-Cities in Jammu and Kashmir at the cost of Rs 4400 crore.
“The Medi-Cities will include private hospitals, Medical Colleges etc,” the sources said, adding that with this the MBBS seats in Jammu and Kashmir will go up by 900.
Sources said the Government is anticipating private investments in Jammu and Kashmir to further go up once the pending proposals are cleared.
Some proposals for development of private Industrial Estates have also been received by the Industries Department from Samba and Kathua districts while many more are in the pipeline. Response to develop ‘Private Land Banks’ for industrial development has been very encouraging,” sources said.
Officials expressed confidence that with development of ‘Private Land Bank’, the Government will be in a position to accommodate more private investments in Jammu and Kashmir as there were reports that investments might touch Rs 75,000 crore shortly as many corporate houses are in touch with the administration for investing in different sectors in the Union Territory.

116 thoughts on “Boost to Tourism and Industrial Development in J&K”

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