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Details of investment policy in Jammu and Kashmir to be available very soon: Sitharaman

The minister listed out the investment possibilities Jammu and Kashmir carries in different sectors like tourism, fine arts, handicrafts, woodwork, carpets, silk, production of saffron and apple.

India TV News Desk India TV News Desk
New Delhi Published on: October 17, 2019 10:28 IST
Details of investment in Jammu and Kashmir would be available soon: Sitharaman
Image Source : PTI PHOTO

Details of investment in Jammu and Kashmir would be available soon: Sitharaman

Listing out the potential of Jammu and Kashmir for investors in sectors like tourism, handicrafts, silk, production of saffron and apple, Finance Minister Nirmala Sitharaman has said the details of the government's policy to attract more investments in the state will be available very soon. Sitharaman's statement came while she was responding to a question during an interactive session with investors at the IMF headquarters in Washington on Wednesday. 

“We have started working in terms of making sure that the full potential of Jammu and Kashmir from various different aspects (is achieved),” she said.

The minister listed out the investment possibilities Jammu and Kashmir carries in different sectors like tourism, fine arts, handicrafts, woodwork, carpets, silk, production of saffron and apple.

“I think sooner the details of it (new policy) will be available,” she said.

India on August 5 scrapped Jammu and Kashmir's special status and bifurcated it into two Union Territories -- Jammu and Kashmir and Ladakh.

In his address to the nation after revoking the special status given to Jammu and Kashmir, Prime Minister Narendra Modi said state companies, as well as private companies, will be encouraged to create jobs for the local youth in the region.

“So very many things are all being put together to see how best a plan can be done,” Sitharaman said.

Sooner, some kind of pattern would be worked out between the union home ministry and finance ministry.

“Work is on,” she said while responding to a question from a Dubai-based investor who is trying to mobilise funds to invest in Jammu and Kashmir.

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