Jammu Kashmir received Rs 376. 76 crore investment in fiscal 2021-22 is the second lowest in the last five years.
Sharing details in the Lak Sabha, Union Home Ministry said that the lowest investment of Rs 296.64 crore, in the last five years, had come during the 2019-20 financial year followed by an investment of Rs 412.74 in 2020-21.
The highest investment was received in 2017-18, when Jammu Kashmir had received the highest investment in the last five years, which was tuned to an amount of Rs 840.55 crores.
The Union Home Ministry also informed the lower house that to encourage investments in Jammu Kashmir, “the Government of India notified the New Central Sector Scheme for Industrial Development of Union Territory of Jammu and Kashmir on 19.02.2021.”
“This has been supplemented by the Jammu and Kashmir Industrial Policy 2021-30, Jammu and Kashmir Industrial Land Allotment Policy, 2021-30, and Jammu and Kashmir Private Industrial Estate Development Policy 2021-30. In addition, various other measures have been taken to improve the business environment through ease of doing business, economic package, operation of night flights from Jammu and Srinagar, etc,” the Home Ministry said.
The Home Ministry said that the Government of Jammu Kashmir has received proposals for investments worth approximately Rs 64,000 crore.