Investments Propel J&K Progress
Investment definition is an asset acquired or invested in to build wealth and save money from the hard earned income or appreciation. Investment meaning is primarily to obtain an additional source of income or gain profit from the investment over a specific period of time.
Investment is key to economic growth and all round development. We speak of income effects when increasing investments create jobs, which in turn result in higher total national income, which also increases total consumption within the national economy. This in turn allows more to be saved, which leads to further investment .
In Jammu and Kashmir after many decades of backwardness the Investment has started to pour in an effective manner especially after the abrogation of article 370.
In a bright development it is learnt that Jammu and Kashmir has received 6000 investment proposals worth Rs 90,182 crore and is developing 46 industrial estates for creating over 4 lakh job opportunities, Union Ministry of Home Affairs said Thursday.
J&K was on the path of all-round development under the leadership of Prime Minister Narendra Modi and was witnessing unprecedented industrial growth under the guidance of Union Home Minister Amit Shah.
” Under the leadership of PM Shri @narendramodi, #JammuKashmir is on the path of all-round development. Under the able guidance of Union Home Minister Shri @AmitShah, J&K is witnessing unprecedented industrial growth. With more than 6000 investment proposals worth Rs 90,182 crore and the creation of over 4 lakh job opportunities, Jammu and Kashmir is developing 46 New Industrial Estates @HMOIndia @PIB_India @PIBSrinagar @DDNewslive @airnewsalerts,” the spokesperson of the Union Ministry of Home Affairs posted on X.
On the otherhand, During the hearing in the Supreme Court over abrogation of Article 370, the Centre repeatedly argued it was a hindrance to “development and progress” and after the August 5, 2019 decisions, “investments have started coming” into Jammu and Kashmir.
In almost three years since the Jammu and Kashmir government announced a new industrial policy in January 2021, the Union Territory has received proposals worth Rs 84,544 crore in as many as 42 industrial sectors.
Jammu and Kashmir is making rapid progress due to fast investments.
