Jammu and Kashmir (J&K) has marked its presence at the Vibrant Gujarat Global Summit (VGGS), with Lieutenant Governor Manoj Sinha stating that he is likely the first representative from the region to attend the prestigious event.
Manoj Sinha said on Friday, "The summit witnessed industry players pledging to invest Rs.3,000 crore in the Union Territory(UT) at the end of the three-day event"
Prime Minister Narendra Modi and Home Minister Amit Shah. Sinha emphasized that the duo's initiatives have rendered J&K capable of active participation in the Vibrant Gujarat platform.
Highlighting the unique industrial policy of J&K, Sinha pointed out that the incentives offered by the region surpass those available in any other state. He disclosed that the policy was crafted under the direct guidance of Home Minister Amit Shah, signifying the central government's commitment to the economic development of Jammu and Kashmir.
Sinha shared encouraging news about the success of these efforts, revealing that investment commitments totaling Rs 90,000 crore have been secured, with Rs 15,000 crore already materialized on the ground. The Lieutenant Governor expressed optimism about transforming proposed projects into reality, citing the ongoing endeavors to overcome initial challenges under the watchful guidance of Home Minister Shah.
The region is witnessing a transformative phase with substantial infrastructure development. Sinha disclosed that projects related to highways and tunnels, valued at an impressive Rs 1.5 lakh crore, are currently underway in J&K. Furthermore, significant improvements in rail, road, and air connectivity have been realized, contributing to the region's economic advancement.
Jammu and Kashmir, known for its abundant natural resources, is also home to skilled artisans with top-notch handloom expertise. Sinha revealed that Memoranda of Understanding (MoUs) worth Rs 3,000 crore have been inked between industry leaders from Gujarat and J&K's industry department, showcasing the collaborative potential between the two regions.
As Jammu and Kashmir takes center stage at VGGS, the region's emergence as an economic powerhouse highlights the transformative vision and policies championed by the central government.
