Srinagar: A private investment proposals worth Rs 66,000 crore have been received within a period of around one year and 1,455 industrial units have also started their operations, JK administration said on Wednesday.
These remarkable developments have opened up doors of immense possibilities for the new generation, the official statement said.
The existing industrial landscape is being transformed into a futuristic, profitable and sustainable ecosystem, leading to livelihood generation, better education, skill development and better quality of life, it said.
From job creation to entrepreneurship, the administration is going to make JK a model of Industry 4.0, the Fourth Industrial Revolution.
The administration is working tirelessly on promoting institutional readiness, increasing entrepreneurship and attracting investments.
The multiplier effect of industrial transformation will be felt across the entire length and breadth of the UT, the statement said.
New industrial development scheme, with an outlay of Rs 28,400 crore, has been approved by the Government of India for encouraging investment in manufacturing and service sectors in JK, which has started helping in stepping up economic development in JK, it added.
