Industrial boost

Industrial boost

The J & K government has recently said that they are getting a lot of investment proposals and it would be a game changer for the socio economic development here.

There have been a lot of changes in industrial policy of Jammu and Kashmir to make it investment friendly.

In order to boost industrial development in UT, the government of J&K has also notified the J&K Industrial Policy, J&K Private Industrial Estate Development Policy and J&K Industrial Land Allotment Policy.

Lieutenant Governor, Manoj Sinha, recently said that Jammu & Kashmir, nestling in the lap of Himalayas, is on a mission to be the country’s fastest growing region. Government’s prime objective is to extend trust with business conglomerates and strengthen existing regulatory policies to attract investments benefiting Citizens.

Jammu and Kashmir had signed six agreements that will bring investments in the Union Territory’s real estate, infrastructure, tourism, healthcare and manpower employment sectors among others at Dubai Expo 2020. Several UAE based businesses signed Memorandums of Understanding (MOUs) with Jammu & Kashmir which included Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC, Century Financial, and Noon E-commerce. One Letter of Intent (LOI) was signed with Magna Waves Private Limited, Emaar Group and Lulu International.

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