Prime Minister Narendra Modi inaugurated key railway projects worth over Rs 16,000 crore in Jammu and Kashmir.
During his latest visit to Jammu and Kashmir Prime Minister Narendra Modi provided much needed push to overall development and reiterated commitment of BJP government to change Jammu and Kashmir’s face by progress and development.
After developmental push, the centre is now focussing on self-employment and industrial growth in J&K.
PM Modi inaugurated key railway projects worth over Rs 16,000 crore in Jammu and Kashmir. These include a 48.1 kilometres portion of the new rail line under Udhampur – Srinagar – Baramulla Rail Link Project (USBRL). The Banihal – Khari – Sumber – Sangaldan section cost Rs 15,863 crore and includes the country’s longest railway tunnel spanning 12.77 kms.
In all, 220 projects worth Rs 32,000 crore underwent laying of foundation stone, inauguration, and dedication to the nation by PM Modi.
On Thursday Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, Manoj Sinha, accorded administrative approval for the development of seven new Industrial Estates in the UT of J&K spread over 5290 kanals of land for an amount of Rs. 304.51 Crores.
In the same Administrative Council (AC) government approved J&K start-up policy 2024-27 in supersession to the Start-up Policy notified in the year 2018. The policy has the objective of setting up 2000 new Start-ups in Jammu & Kashmir in the next 5 years. This crucial decision was taken to set up a Venture Capital Fund of Rs. 250 Crores and will infuse a maximum of Rs. 25 Crores as an initial fund to this venture capital fund so that the start ups have a good potential for growth in Jammu and Kashmir. The most important industrial estate is coming up at Sempora near the saffron rich town of Pampore in South Kashmir. Official spokesman after the Administrative Council meeting said that “New Industrial Estate at Karandi, Samba involving 460 kanals of State/Private land shall be developed at an estimated cost of Rs. 34.45 Crores by NBCC. The Project will attract investment of Rs.756.89 crore and has employment potential of around 3965 (approx.)”.
J&K government in its official statement after the Administrative Council meeting “estimated investment in these seven new Industrial Estates is Rs. 8700.16 Crores with employment potential of 28376 persons. These 7 new Industrial Estates are situated at Banderpora Budgam, Sempora Medicity, Srinagar, Bhagthali, Kathua, Karandi, Samba, Trenz, Shopian, Hariparigam Tral Pulwama and Khunmoh, Pantha Chowk Srinagar”.The pace of development in Jammu and Kashmir has picked up in past few years and new infrastructure including the rail link will be game changer for future.