NEW DELHI, Nov 21 : Lieutenant Governor Manoj Sinha of Jammu and Kashmir appealed to industry players to invest in the region, highlighting that the Union Territory offers superior incentives and a secure business environment compared to many other states. Sinha emphasized the safety and security of the business environment in Jammu and Kashmir.
He disclosed that the industry department of Jammu and Kashmir currently holds business proposals exceeding Rs 86,000 crore, with ongoing efforts to bring them to fruition. Additionally, Sinha shared news of the UAE-based Emaar Group’s plans to develop a shopping mall and an IT tower in Srinagar.
During an award ceremony for engineering sector exporters, Sinha urged potential investors to seize the substantial opportunities in different sectors, emphasizing that Jammu and Kashmir provides more attractive incentives than other states. These incentives include cost-effective power tariffs, capital investment incentives, and interest subvention.
Sinha also highlighted the growth in tourist inflow, with expectations to surpass 2.25 crore visitors this year, compared to 1.88 crore last year. He underscored the numerous opportunities in Jammu and Kashmir, pointing out the increasing number of trains and flights connecting the Union Territory.
