How much has Kashmir changed in terms of business after the removal of Article 370? The figure reached billions in three years

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Kashmir After 370 Removal: Article 370 was removed from Jammu and Kashmir in 2019. Kashmir has undergone many changes since then. Also investment in Ladakh region is increasing. The situation of terrorist incidents has improved in these five years, but today we will know how much has changed in the last 3 years from the point of view of business in Jammu and Kashmir.

How much has been invested?

The Ministry of Home Affairs has given information about investment in the Rajya Sabha. According to which, in the year 2019-20 Jammu and Kashmir Rs 296.64 crore, in the year 2020-21 Rs 412.74 crore, in the year 2021-22 Rs 376.76 crore, in the year 2022-23 Rs 2153.45 crore and in the year 2023-24 Rs. 2417.19 crores have been invested. In such a situation, if we compare 2019 and 2023, this investment has increased almost 10 times.

What policies were implemented?

The government has implemented several policies to encourage investment. Jammu and Kashmir Industrial Policy, 2021-30, Jammu and Kashmir Industrial Land Allocation Policy, 2021-30, Jammu and Kashmir Private Industrial Estate Development Policy, 2021-30, Policy for Promotion of Foreign Investment in Jammu and Industrial Development Policy, 2022, Jammu and Kashmir 12 schemes like Kashmir Single Window Rules 2021, Turnover Incentive Scheme, 2021 have been launched.

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