Jammu Kashmir Lieutenant Governor Manoj Sinha on Saturday said that the administration plans to attract investments worth up to $4 billion in the next two-three years.
He said that the administration was identifying 6,000 acres (2,400 hectares) of land for businesses and that they would make companies feel secure, adding, “The administration was also working on organising an investors summit after a delay due to the coronavirus pandemic.”
“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 said to a group of journalists in New Delhi.
“We are in touch with all major business houses,” he said.