Lieutenant Governor Manoj Sinha envisions a substantial surge in investments for Jammu and Kashmir, with a confident estimate of Rs 2500-3,000 crores in the near future. Speaking at the Vibrant Gujarat Summit during the Jammu and Kashmir State Seminar, LG Manoj Sinha expressed gratitude to Prime Minister Narendra Modi and Home Minister Amit Shah for their pivotal role in fostering a positive investment climate.
Emphasizing the transformative impact of the central sector scheme led by Amit Shah, Sinha applauded the central government’s efforts in providing significant incentives, signalling a positive shift in the investment landscape for Jammu and Kashmir.
During his address, LG Sinha highlighted the region’s potential, citing the presence of premier educational institutions, abundant skilled manpower, and a rising trend in handloom exports. He stressed that the changes witnessed in the last four years have positioned Jammu and Kashmir as an attractive destination for investment. “We will not welcome with red tape but with a red carpet. Investing in Jammu and Kashmir means investing in India, investing in the unity and integrity of India,” stated LG Sinha, underlining the attractive prospects for investors in the region.
Acknowledging Gujarat’s crucial role in India’s growth, LG Sinha expressed optimism about the transformative changes witnessed in Jammu and Kashmir. He emphasized Prime Minister Modi’s vision for the region, citing a recent report that positioned it as the most searched online destination, surpassing even Switzerland. Attributing this interest to the stable, viable, and peaceful environment created in Jammu and Kashmir, LG Sinha asserted, “We will make it better than Davos,” referring to the renowned town in the Swiss Alps famous for hosting the World Economic Forum.
LG Sinha lauded Jammu for hosting premier educational institutions and highlighted the positive economic indicators, including the increasing handloom exports and a reduction in crime rates compared to Gujarat. Assuring investors of a welcoming environment, LG Sinha stated, “Jammu and Kashmir will welcome them with a red carpet, not red tape,” reinforcing the commitment to fostering a conducive business environment.
Drawing attention to natural resources, LG Sinha mentioned the discovery of large magnesium deposits, emphasizing the significant investment potential in the region. Addressing security concerns, he reiterated the commitment to peace, stating, “Jammu and Kashmir is an integral part of India. Terrorism is taking its last breath; the terror ecosystem will be demolished.”
LG Sinha concluded with confidence in the region’s trajectory towards economic prosperity and stability, expressing the commitment to establish peace rather than buying it.
