Udayavni Special

Details of investment in Jammu and Kashmir would be available very soon: Sitharaman


PTI, Oct 17, 2019, 10:04 AM IST

Washington: The details of the government’s policy to attract more investments in Jammu and Kashmir would be available very soon, Finance Minister Nirmala Sitharaman said, listing out the potential the area carries for investors in sectors like tourism, handicrafts, silk, production of saffron and apple.

Sitharaman made the comments while responding to a question during an interactive session with investors at the IMF headquarters here on Wednesday. The event was organized by the Federation of Indian Chambers of Commerce and Industry and US India Strategic and Partnership Forum.

We have started working in terms of making sure that the full potential of Jammu and Kashmir from various different aspects (is achieved), she said.

The minister listed out the investment possibilities Jammu and Kashmir carries in different sectors like tourism, fine arts, handicrafts, wood work, carpets, silk, production of saffron and apple.

I think sooner the details of it (new policy) will be available, she said.

India on August 5 scrapped Jammu and Kashmir’s special status and bifurcated it into two Union Territories — Jammu and Kashmir and Ladakh.

In his address to the nation after revoking the special status given to Jammu and Kashmir, Prime Minister Narendra Modi said state companies as well as private companies will be encouraged to create jobs for the local youth in the region.

So very many things are all being put together to see how best a plan can be done, Sitharaman said.

Sooner, some kind of pattern would be worked out between the union home ministry and finance ministry and announced.

Work is on, she said, while responding to a question from a Dubai-based investor who is trying to mobilise funds to invest in Jammu and Kashmir.

I want to know from your perspective, after the change in this state, is there any special consideration being given to a State that has historically missed out on global and international investments? she was asked.

Top News

K’taka reports 7883 new COVID-19 cases; DK, Udupi report 200+ cases

Magisterial inquiry into Bengaluru violence: Bommai

Kamala Harris’ nomination adds ”fuel to fire” for China-US conflict: Chinese observers

Karnataka govt will deal with rioters with iron hand: Minister Ashoka

World Elephant Day: These adorable videos of jumbos will put a smile on your face

B’luru Riots: Muslim youths form human chain to protect Hindu temple from damage

BJP MP urges CM to take cue from UP govt, confiscate properties of rioters



Related Articles More

MQM to mark Pakistani independence day as ‘Black Day’ in UK

Kamala Harris’ nomination adds ”fuel to fire” for China-US conflict: Chinese observers

UK plunges into deep recession, Rishi Sunak admits ‘hard times are here’

Israeli PM’s uneasy alliance seems headed towards collapse

What’s keeping Washington from a virus deal, explained

MUST WATCH

Traditional Pottery Making | Atmanirbhar Bharat | Udayavani

Min Suresh visits SSLC student who studied while working as construction labourer | Udayavani

Russia becomes first country to develop COVID vaccine? Putin’s daughter inoculates?

EXPOSED | Peacocks of Bangalore are in threat from Sewage | Udayavani

Karnataka SSLC Results 2020 Declared | Udayavani

Latest Additions

State’s RTCs finalise contractors for its courier service

MQM to mark Pakistani independence day as ‘Black Day’ in UK

200 special trains to Konkan

K’taka reports 7883 new COVID-19 cases; DK, Udupi report 200+ cases

Magisterial inquiry into Bengaluru violence: Bommai

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.