Jammu, Mar 10: Jammu and Kashmir government on Monday disclosed that an investment of Rs 10516 crore has been made in the Union Territory since 2019.
The Minister in charge of Industries & Commerce, Surinder Choudhary, informed the House that an investment of Rs 10516 crore has been made in the Union Territory since 2019-20.
In a written reply to a question from MLA Budhal Javed Iqbal Choudhary, the minister said that an investment of Rs 3407. 63 crore has been made in Kashmir and Rs 7108 crore in Jammu.
As per the breakup, an investment of Rs 164.37 crore has been made in Kashmir in 2019-20, Rs 148.89 crore in 2020-21, Rs 125.87 crore in 2021-22, Rs 737.36 crore in 2022-23, and Rs 1423. 17 crore in 2024- 25 up to February 25, 2025,
In Jammu, an investment of Rs 132.27 crore has been made in 2019-20, Rs 263.85 crore in 2020-21, Rs 250.89 crore, Rs 1416.07 crore in 2022-23, Rs 1966.20 in 2023-24, and Rs 3079.57 crore in 2024-25.
Last month, Chief Minister Omar Abdullah said investments in J&K must be regulated by laws protecting the agricultural land and having land investment safeguards,
“Such investments must be regulated by laws protecting the agricultural land and having land investment safeguards, like Himachal Pradesh, which has put reasonable restrictions, and at the same time, it would ensure jobs for local youth,” he said
Omar was speaking at the Confederation of Indian Industry (CII) Jammu & Kashmir Annual Session-2025 titled “AMAZING J&K: Aspiring For New Growth Goals”.
The Chief Minister noted that Himachal Pradesh has adopted a strict policy in this regard and stressed the adoption of a similar policy in J&K.
He commended the resilience of J&K’s industry, acknowledging businesses that have endured challenging times without solely relying on government subsidies. He stressed the importance of ensuring long-term business sustainability, proposing a mechanism to track businesses’ viability beyond ten years.
The event, organized by the Confederation of Indian Industry (CII) J&K Council, brought together business leaders, industrialists, entrepreneurs, and other stakeholders to discuss strategic actions to boost J&K’s economic growth and development, driving the region’s competitiveness and business potential through a robust and resilient industrial and sustainable entrepreneurship ecosystem.
Addressing the session, the Chief Minister emphasized that such interactions are pivotal to enhancing efficiency and competitiveness and creating business opportunities for industries through a range of specialized services and strategic global linkages. It also provides a platform for consensus-building and networking on key issues.
The Chief Minister sought suggestions and valuable insights from the participating entrepreneurs and other stakeholders that can be incorporated into the upcoming budget of Jammu and Kashmir for the overall welfare and benefit of the public, as well as for industries, tourism, and other sectors.
Chief Minister Omar Abdullah emphasized the need for responsible entrepreneurial practices to foster an economic ecosystem that ensures sustainability across J&K.
While advocating for expanding investments in J&K, the Chief Minister underscored that such investments must be regulated by laws protecting the agricultural land and having land investment safeguards, like in Himachal Pradesh, which has put reasonable restrictions and, at the same time, would ensure jobs for local youth.