- Friday 15 Nov 2019
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.
United Nations: India has pledged to contribute USD 13.5 million for various operational activities of development across the UN agencies for the year....
London: Reykjavik has its penis museum and from this weekend London will have a vagina museum -- a place to tackle taboos and learn a little bit more ....
Islamabad: A 2015 video in which former Pakistan president Pervez Musharraf admitted that Kashmiris were "trained" in his country as mujahideens to fi....
Brasalia: India is the world's most "open and investment-friendly" economy, Prime Minister Narendra Modi said here on Thursday as he wooed the BRICS b....
New York: US President Donald Trump has said countries like China, India and Russia are doing "absolutely nothing" to clean up their smokestacks and i....
New Delhi: A thick layer of toxic smog engulfed Delhi as the pollution level continued to remain in the 'severe' category for the fourth consecutive d....
New Delhi: The Supreme Court on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its....
Lucknow: Uttar Pradesh Shia Central Waqf Board chairman Wasim Rizmi on Thursday announced he is donating Rs. 51,000 for the construction of a Ram temp....
New Delhi: The Jawaharlal Nehru University administration has filed a complaint with the police in connection with the "vandalism" at the varsity's ad....
Bengaluru: Air Chief Marshal R K S Bhadauria on Thursday undertook a sortie in the basic trainer aircraft HTT-40 here, thereby becoming the first serv....