India Introduces New Policies to Attract Investments into Jammu and Kashmir

The Government of India has initiated several policies and schemes to promote investment in the Union Territory (UT) of Jammu and Kashmir. These include the J&K Industrial Policy 2021-30, Industrial Land Allotment Policy, Private Industrial Estate Development Policy, and more. As a result, investment in the industrial sector has seen significant growth, with figures rising from Rs. 296.64 crore in 2019-20 to Rs. 2417.19 crore in 2023-24.

The investments span various sectors such as tourism, handloom, and food processing, as well as infrastructure development. Minister of State for Home Affairs, Shri Nityanand Rai, highlighted these initiatives in response to a query in the Rajya Sabha.