Investment destination

Jammu and Kashmir with new industrial policy is emerging as the new top most investment destination. Several policy interventions are transitioning J&K into an industrially advanced region and it has started showing visible impact on the ground.

Some of the recent developments in this regard are pointers to the fact that international investors are also coming to Jammu and Kashmir.

Jammu and Kashmir is emerging as the top most new investment destination across the country both for National as well as International investors. The motto of Jammu and Kashmir Industrial Policy 2021-30, “Jammu and Kashmir- Tradition, Growth and Transformation”, epitomizes the transition that J&K is undergoing. It symbolizes the thrust given to turn J&K into a lucrative investment destination, keeping in view the unique socio-economic and environmental underpinnings of this Himalayan region.

The industrial landscape in the UT of J&K is dominated by MSMEs as it contributes about 8% to the GSDP and employs the largest number of people in services and manufacturing sectors. Around 25000 MSMEs that are operational in the UT provide employment to around 90% of the industrial workforce in the UT. The Jammu and Industrial Policy 2021-30 is a welcome change over the previous industrial policies of 1998, 2004 and 2016. With an outlay of 28,400 crores, ‘New Central Scheme for Industrial Development of Jammu and Kashmir’ notified by Department for Promotion of Industry and Internal Trade (DPIIT), Government of India (GOI), in 2021, is expected to provide impetus to J&K’s transition into an industrially advanced region.