1 week ago

Jammu and Kashmir Plans to Double Economy Through Investment

The Jammu and Kashmir government wants its economy to become twice as large.

It is looking for new industries and investments instead of depending mainly on traditional sectors.

Officials hope private companies will create jobs and improve productivity.

A government group is preparing policies and plans to support this goal.

These plans include foreign investment, technology centres, farming startups, clean energy and electric vehicles.

The government is also helping develop many public-private projects.

Summits and a real estate event are planned to attract investors.

The plan will depend on making it easier and faster for businesses to get approvals.

Key facts

Economic goal: Double the size of Jammu and Kashmir’s gross state domestic product economy.
Active initiatives: Sixteen initiatives are currently under active development.
Implementation pipeline: Thirty-six additional initiatives have been structured for implementation through 2027.
Knowledge-output projects: CITaG has tracked 100 projects; 21 are complete and 20 strategic frameworks are under review.
PPP projects: CITaG is supporting 76 public-private partnership projects, including 27 active projects and 10 at the development stage.
Planned events: A Global Capability Centre Summit is proposed for October, an Energy Summit for December, and a Real Estate Conclave is being planned.
Business reforms: The J&K Single Window System is expected to be re-engineered to streamline investor interactions and approvals.

thehindubusinessline.com · 1 week ago