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Introduction

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Strategically located, the state of Jammu and Kashmir constitutes the northern most part of India. The state is vested with a good mineral base and significant power potential. Endowed with natural beauty of snow-clad mountains, lakes, streams and rare flora and fauna, the state holds immense potential to attract tourists from across the world.

The state is working for the overall socio-economic development of the state. Infrastructure sectors such as, roads, irrigation and basic minimum services like education, health and water supply are the areas of major thrust in the state. Given the vast large opportunities, the sector constitutes one of the topmost priorities of the state.

Advantage Jammu & Kashmir

  • Allotment of land at concessional rates in industrial areas on lease for 90 years.

  • Large tourism potential.

  • The state actively works towards upgrading the state’s tourist potential and making it an attractive tourist destination.The state has been selected for a special National Tourism Award for the outstanding performance in adopting strategies to boost tourism during 2003.

  • Horticulture industry in Kashmir is the bulwark of rural economy in the state generating revenue of over US$ 10.5 million yearly and providing job facilities to thousands of people directly and indirectly.

  • The people of the state possess inherent skills of weaving and designing of textile products, which could be the basis for setting up of state-of-the art textile industry in the state.

  • The traditional skills of fine craftsmanship can be easily transformed to suit the needs of modern industrial processes, especially in the field of electronic and precision engineering.

 

Content Source: www.ibef.org

 
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