Jammu and Kashmir: Jammu and Kashmir are experiencing the biggest industrial revolution in the state as private investment proposals worth Rs. 66,000 crores have been gained within around one year with the set up of new 1455 industrial units.
As per recent updates, J&K has been moving on a remarkably developing path while opening the doors of immense opportunities and possibilities for the young generations, as the Lieutenant Governors Administration promised.
“The landscape of existing industries has been transformed into a profitable and futuristic and sustainable ecosystem which would lead the young generation and their livelihood towards better education, better life quality and skill development.
In addition, the government of Jammu and Kashmir is planning to turn the state into a model of industry 4.0, the Fourth Industrial Revolution, from job creation to entrepreneurship. The administration is putting immense efforts into promoting institutional readiness, attracting investments, and increasing entrepreneurship said reports.
The reports have confirmed that the newly introduced scheme of industrial development with an outlay of Rs. 28,400 crores was approved by the Government of India for stimulating investments in service and manufacturing sectors in the Union Territory of J&K which is boosting the economic growth in the region.
Furthermore, this is the beginning of a new era of growth and development with the overall well-being of the people of J&K. the barriers between commerce and business trade have also been uplifted, the people are free to enjoy the benefits and rights provided to them.
The administration of J&K is taking all the necessary steps to renovate and reinvent and is always ready to take opportunities to become the fastest-growing territory in the nation while pushing the limits for both growth and employment.
The government is focused on strengthening the trust with the business organizations, building an industrial base and socio-economic stability.