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Jammu & Kashmir Seeks $4 Billion in Investments, to Provide Security to Businesses

File photograph of Jammu and Kashmir L-G Manoj Sinha. (PTI)

Lieutenant Governor Manoj Sinha stated his administration was figuring out 6,000 acres (2,400 hectares) of land for companies and that they’d make corporations really feel safe.

  • Reuters NEW DELHI
  • Last Updated: January 02, 2021, 17:21 IST
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Jammu and Kashmir plans to draw investments price as much as $Four billion within the subsequent two three years and would supply safety to companies establishing store within the insurgency-hit area, Lieutenant Governor Manoj Sinha stated on Saturday.

Sinha stated his administration was figuring out 6,000 acres (2,400 hectares) of land for companies and that they’d make corporations really feel safe.

“We have an annual budget of 1 trillion rupees ($13.68 billion) for the region and a good amount of that is being used for providing security for businesses,” Sinha stated to a gaggle of journalists in New Delhi.

The authorities was additionally engaged on organising an funding summit there after a delay as a result of coronavirus pandemic, he stated.

“We are in touch with all big business houses,” he stated.

J&Okay is one in every of India’s least industrialized areas, with per capita earnings of 62,145 rupees in 2016/2017, decrease than the nationwide common of 82,229 rupees however greater than a number of different states.

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