Jammu & Kashmir

Jindal Group lays foundation stone of steel plant in Kashmir

JSW chairman Sajjan Jindal tweeted the photo while laying the foundation stone of its first investment project in Kashmir.

Pulwama: Jindal steel has laid the foundation stone of its first investment project in south Kashmir’s Pulwama district.

A Rs 150 crore steel processing unit in Pulwama is the first such project being set up after special status to the state under Article 370 of the Constitution was scrapped in 2019.

Sajjan Jindal, chairman of JSW group, tweeted photos of a prayer ceremony of the foundation stone at Lassipora Industrial Estate in Pulwama district.

“Proud to announce that we have laid the foundation stone for our new steel processing unit in Pulwama – the heart of Kashmir. Contributing to the growth of the beautiful state of Jammu and Kashmir,” Jindal tweeted.

Almost two years ago, the administration of Jammu and Kashmir granted 8.75 acre to JSW Steel.

“Now development is visible on the ground. To all the leaders who used to say that nothing is visible on the ground, Lassipora is proof. The BJP does what we say we will do,” NDTV quoted BJP spokesperson Abhijeet Jasrotia as saying.

“Wonderful to see the upcoming industry in Kashmir, with others to follow suit. The JSW Group steel processing plant will create jobs, boost growth, and bolster infrastructure -transforming the developmental and investment potential of the region. A big step for the people of Jammu and Kashmir,” tweeted Amitabh Kant, former chief executive of NITI Aayog.

In December, the administration told parliament that over Rs 1,000 crore investment has come to JK since 2019. On August 5, 2019, the government of India abrogated Article 370 of the Indian Constitution and divided the state into two union territories- JK and Ladakh.

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