India plans to woo investments to Kashmir, offers huge parcel of land to industries

Jammu and Kashmir is becoming the favourite destination of the Centre to woo investments. According to a Reuters report, the Union government is planning to offer around 6,000 acres (2,400 hectares) of land in Kashmir as part of a business summit planned for April or May.

The government feels this would help the Himalayan region in its growth after withdrawing its special rights and making sweeping administrative changes.

According to the report, the government is offering the land, along with tax breaks and insurance cover, to draw businesses there, according to Manoj Kumar Dwivedi, the region’s Commissioner Secretary in charge of industry and commerce.

It added: “Prime Minister Narendra Modi’s government insists that the reorganisation in August was essential to spur development in Jammu and Kashmir, which is also claimed by Pakistan.”

Image Credit : dnaindia.com

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