Investments worth Rs 15,000 crore proposed for Jammu and Kashmir

The relentless work of the Centre to put Jammu and Kashmir on the fast track of prosperity has already started bringing results less than one month after Article 370 was revoked.

On August 5, Home Minister Amit Shah had announced that Article 370 was being revoked. He had assured that this step, which truly integrated Jammu and Kashmir with India, would result in not just peace but development as well. The same had been assured by Prime Minister Narendra Modi in a televised address to the nation.

According to the report, as many as 44 companies had already expressed interest in investing in J&K by September 1. Of these, proposals of 33 companies have been accepted. The investments of these companies are in the fields of IT & Technology, Infrastructure, Renewal Energy, Manufacturing, Hospitality, Defence, Tourism and Skill and Education. The proposal of investments are worth Rs 15,000 crore and those in the know say they are expecting this figure to reach Rs 1 lakh crore.

A further - and massive - push could come when the Investors Summit is held in the Union Territory in November. Preparations for the Summit have already commenced in a big way.

Maharashtra state government also plans to buy land in Pahalgam and Leh and will build a resort in each of these two places. The state's tourism ministry will complete the land survey over the course of the next two weeks.

It is reported that the resort in Pahalgam, in particular, could not only give tourists an additional option to choose from but could also be a massive boost for pilgrims that take the Amarnath Yatra each year.

—Zee Media Newsroom