Govt invites business tycoons to invest in J&K

Jammu: The State Minister for Industries and Commerce SS Slathia today asked the businessmen in the country to come forward and invest in Jammu and Kashmir, saying it is as safe to invest here as in any other state.

“We called upon the business tycoons of the country to come forward and invest in Jammu and Kashmir. It would be a great contribution in reconstruction of infrastructure in turmoil ravaged state,” he said after inaugurating a jewellery showroom at Vijaypur in Samba district.

He added that Jammu and Kashmir is fast on the path of peace and development and is as safe for investment as other states of the country.

More from Economy

Narendra Modi gets a stellar economic advisory panel but will he listen to it in an election year? Demonetisation: RBI will take time to count scrapped currency note deposits, says Arun Jaitley

[caption id=“attachment_137636” align=“alignleft” width=“380” caption=“Workers assemble a double-barrel shotgun at a workshop in Jammu. J&K’s industry minister SS Slathia today asked businesses to invest in it.AFP”]  [/caption]

He said that the government was providing most attractive industrial package to the investors under both central and state industrial policies which are likely to be extended for another two years beyond 2012, the scheduled date for its expiry.

The minister asked the educated youth and entrepreneurs to take full benefits of the available industrial incentives and venture in the industrial sector for earning a dignified livelihood.

“This way the youth can become job providers rather than job seekers,” he added.

Slathia said the state was trying hard to create job opportunities for the youth in public sector. However, keeping in view the 7 lakh educated un-employed youth, registered with various employment and counselling centers of the state, it was imperative to promote self employment programmes.

PTI