Press Trust of India

PM to preside launch of industrial investment in JK in March: Lt Guv

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Jammu: Prime Minister Narendra Modi will preside over the groundbreaking ceremony of the launch of industrial investments worth 20,000 to 25,000 crore rupees here next month, Jammu and Kashmir Lt Governor Manoj Sinha said on Tuesday.
He sought cooperation of the people to the efforts of his administration to usher a new dawn of peace, prosperity and development under the leadership of Modi in the Union Territory.
Someday back, I have requested the Prime Minister to preside over the groundbreaking ceremony of the launch of industrial investment to the tune of Rs 20,000 crore to Rs 25,000 crore. He has asked us to complete the formalities and expressed willingness to be among the people of Jammu and Kashmir to preside over the function by March, the Lt Governor said.
Sinha was speaking at a function organized at Bajalta here to inaugurate 20 power projects completed at a cost of Rs 48 crore to provide better power supply to consumers in five districts of Jammu, Udhampur, Poonch, Rajouri and Reasi districts.
He said within the next one-and-a-half-year, two major projects will be completed to make Jammu and Kashmir self-reliant in the power sector.
Lauding the Union Home Minister Amit Shah for the industrial investment scheme for Jammu and Kashmir, he said an industrial investment worth Rs 25,000 crore was expected but the scheme is such that we are confident that there will be an investment of over Rs 70,000 crore in the next couple of years for which we need electricity and land.
He said the government land available with the industries department is being allotted to investors who have deposited the fee and submitted the detailed project reports and the process is likely to be completed by February 20 in the run up to the groundbreaking industrial investment ceremony.
A new dawn will usher in J&K under the leadership of Prime Minister the industrialists have shown their interest and a lot of jobs will be generated. We have made necessary changes in our laws while Rs 1 lakh crore worth road and tunnel projects are in progress to provide modern infrastructure, he said.
Seeking cooperation of all sections of the society, he said, You have to support the government efforts to make the atmosphere conducive. I assure you of economic development, progress and social justice.
He said the government is fulfilling the aspirations of all sections of the society and I am saying it with confidence that we are moving forward to ensure accountability, transparency and responsive administration.


Press Trust of India

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