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J&K in the cusp of industrial regeneration

Saturday - December 7, 2019 9:09 am , Category : WTN SPECIAL

WTN- After the abrogation of Article 370, the investment prospect in Jammu and Kashmir is literally looking up. The administration has earmarked 17000 kanals (860 hectares) of land for setting up industries after several investors from outside the state showed interest in putting in their money in the state. Official figures put the number of prospective investors at 39, even as the Global Investors’ Meet is about to take place any time soon, which is likely to see a flood of investment proposals.

Land is comparatively cheaper in the state now that it has achieved real freedom after years of restrictive indulgence, wherein outsiders were not allowed to establish their industries, buy land or get jobs. Now officially being an integral part of the unified land of the Indian republic, there is no bar on the movement and activities of ‘outsiders’ in the state – no one being an outsider anymore. This will not only do good to Indians who want to see and live the freedom long denied due to some arbitrary and absurd legal bindings, but more importantly it will boost the economy of Kashmir, engage and employ local youth and open better and more efficient channels of communication and logistic setup. This will have a plethora of trickle down effects like good roads, good education, advanced medical facilities and greater financial availability for development works.

There are several avenues of investment in Kashmir from apples, dry fruits, to hydro power and tourism, most of which aren’t harnessed to their full potential. Better technological intervention, exposure and availability of finances will help tap the potentials better for real advantages to the people of the state and the country. Industrial development is the base of modern economies and more investment is the need of the hour to change the face of J&K.

Over the last 6-7 years, much has been done to improve the infrastructure and connectivity in the region through government involvement in pushing road, railway and telecom projects. This creates the right atmosphere for investment and eases the path for new investors to happily and smoothly start their ventures. More investors from outside the state and the country evince interest in J&K, more the people will feel integrated to the nation and national culture from which they felt alienated for long due to faulty government policies and their neglectful attitude.

Industrial ascendency is the best way to keep people happy and also thwart evil designs of enemy countries because when there is economic power with a state and the country, other powers like diplomatic or military heft, follow suit. In today’s world if any state or nation is in an economically disadvantageous position, it loses its importance and influence and this has cascading effects on many aspects of life and times.

The J&K administration must do its best to lure investors to the state and facilitate their ventures because this is their chance to script history. - Window To News