Woth ₹51000 Crore Investment Proposals Received Till date As said By Center

Woth ₹51000 Crore Investment Proposals Received Till date As said By Center

The public authority of Jammu and Kashmir has revealed getting recommendations for speculations worth around ₹ 51,000 crore up until this point, Union Minister of State for Home Nityanand Rai informed the Rajya Sabha on Wednesday.
Answering an inquiry in a composed answer, the Minister shared the data showing towards these proposition since the annulment of Article 370 and Article 35 A from Jammu and Kashmir on August 5, 2019.

In addition, to support modern advancement in the Union Territory, Rai said the public authority of Jammu and Kashmir has additionally told the Jammu and Kashmir Industrial Policy, Jammu and Kashmir Private Industrial Estate Development Policy and Jammu and Kashmir Industrial Land Allotment Policy.

He further said that the public authority of India has told the New Central Sector Scheme for Industrial Development of the Union Territory on February 19 last year to draw in capital interests in Jammu and Kashmir with a monetary expense of ₹ 28,400 Crore (upto the year 2037).

“The Scheme gives four sorts of motivations in particular Capital Investment Incentive, Capital Interest Subvention, Goods and Services Tax Linked Incentive and Working Capital Interest Subvention,” said the Minister when inquired, “whether the public authority has reported any modern strategy for Jammu and Kashmir to help modern exercises in the UT”.