The digitally connected ‘Naya Jammu and Kashmir’ is reaping the benefits of ease of doing business in a more peaceful and terror-free environment. Logistics and other challenges faced by local businessmen and exporters have declined as the government has worked hard to make things simpler and people-friendly. Besides enhancing digital connectivity the helmsmen have ensured that people carry on with their daily chores without any disruptions like shutdowns, stone-pelting incidents and street protests.
After August 5, 2019–when the Centre announced its decision to abrogate J-K’s special status and bifurcate it into two Union Territories–the government has been focusing on improving ease of doing business and is putting in all the efforts to put J&K among the top ranking States/UTs in the country.
The improved law-and-order scenario is allowing the business ecosystem to thrive and attract investors towards the Union Territory.
In 2022, Jammu and Kashmir’s administration received private investment proposals worth Rs 66,000 crore, while 1,455 industrial units started their operations,
and a better quality of life.
Recently, the Centre approved the ‘New Industrial Development Scheme,’ with an outlay of Rs 28,400 crore to encourage investments in manufacturing and service sectors in J-K. The multiplier effect of industrial transformation is visible across the Himalayan region, which witnessed Pakistan-sponsored terrorism for three decades.