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Investment proposals pave way for employment opportunities in J&K, 2.4 lakh jobs expected soon

Last Updated on April 18, 2022 at 4:22 pm

There have been massive changes after the abrogation of article 370 from Jammu and Kashmir. After the abrogation of article 370, J&K government’s major concern has been the development of the region. Not only have the terror incidents reduced there has been major investments done in J&K.

Last year, J&K received massive investment proposals of worth Rs. 52,155 crore. This investment proposal holds good news of bumper job openings of nearly 2.4 lakh jobs in J&K. This investment proposal has come as a ray of hope for the people of the region once they get approval.

These job openings in J&K are expected to be across sectors. Under this, almost 17,000 kanals of land has been allotted for setting up of key units.  As per reports, nearly 1 lakh jobs are expected from the proposals that have been approved, including 71,603 in Jammu and 65,376 in Kashmir.

Food processing and hotel industry have been allotted huge land which will attract tourist based income and more opportunities in J&K. Hotel and restaurants, health and social work sectors have ranked in total investments worth Rs. 5193 crore in Kashmir alone.

There have been investments in paper mills worth Rs. 3267 crore, textiles and readymade garments have attracted investments worth Rs. 1769 crore in last one year. Investments have poured in for other sectors such as Pharmaceuticals, Electronics, Eco-tourism, Handicrafts and many more.