J&K To Get Additional Rs 20,000 Cr For Mega Infra Push

The Union Territory’s administration will receive an additional 20,000 cr investment by year’s end, which will entail the development of more than 20 medi-cities bolstering the health infrastructure. This will be a significant boost to industrial investment in Jammu and Kashmir.

More medical schools will open up in Jammu and Kashmir as a result of the development, giving residents of the Union Territory options to pursue MBBS degrees. This will result in an increase of 1000 MBBS seats in Jammu and Kashmir.

This follows Prime Minister Narendra Modi’s announcement on April 24 of a number of development projects and his claim that private investment proposals totalling Rs 38,000 crore will soon be arriving in the area for the first time in decades.

The Jammu and Kashmir government has focused primarily on attracting investments to the Union Territory since Article 370 was repealed. In particular, investments have consistently been a barrier in the Union Territory. There has never been a $14,000,000,000 investment in Jammu & Kashmir. With the proposals for Rs 38000 crore, the investment will eventually surpass Rs 70,000 crore.

Meanwhile, sources claim that by giving property to investors whose groundbreaking ceremony was already conducted by the Prime Minister, the government has used up all of the land in the Land Bank.

“The Government has now acquired new land but is of the view that it will not be appropriate to allow it without its proper development. Tenders for its development have been given. Water and electricity connections are being installed on the land,” sources said.

According to a republic Tv report, the land would be developed in three months, following which the government will approve private investment bids totaling Rs 20,000 crore, and land will then be distributed to the investors.