The government on Monday disclosed that an investment of Rs 10516 crore has been made in the Union Territory since 2019.
The Minister in-charge Industries & Commerce Surinder Choudhary informed the House that an investment of Rs 10516 crore has been made in J&K since 2019-20.
In a written reply to a question of MLA Budhal Javed Iqbal Choudhary, the minister said an investment of Rs 3407. 63 crore has been made in Kashmir and Rs 7108 crore in Jammu.
As per break-up , an investment of Rs 164.37 crore has been made in Kashmir in 2019-20, Rs 148.89 crore in 2020-21, Rs 125.87 crore in 2021-22, Rs 737.36 crore in 2022-23 and Rs 1423. 17 crore in 2024- 25 upto February 25, 2025.
In Jammu, an investment of Rs 132.27 crore has been made in 2019-20, Rs 263.85 crore in 2020-21, Rs 250.89 crore, Rs 1416.07 crore in 2022-23, Rs 1966.20 in 2023-24 and Rs 3079.57 crore in 2024-25.
After abrogation of Jammu and Kashmir’s special status on August 5, 2019, the central government has been actively working to attract both foreign and domestic investments to the Union Territory.
According to J&K government’s economic survey for 2024-25, investment proposals worth Rs 1.63 lakh crore have been received with the potential to create direct employment for over 5.90 lakh people.