Jammu and Kashmir Attracts Private Investments Worth Rs 14,948 Crore in Past Four Years
Deputy Chief Minister Surinder Kumar Choudhary revealed on Monday that Jammu and Kashmir has successfully attracted private investments totaling Rs 14,948 crore over the last four years. This influx of investments has led to the creation of employment opportunities for 64,515 individuals in the industrial sector.
Industrial Growth and Development
In response to a query posed by BJP MLA Sunil Bhardwaj in the Legislative Assembly, Deputy Chief Minister Choudhary disclosed that a total of 1,452 industrial units have been established in Jammu and Kashmir since 2022-23. The progress has been significant, with 629 units launched in 2022-23, generating employment for 15,719 people with an investment of Rs 2,153.45 crore.
Subsequent years also witnessed substantial growth, with 234 units attracting Rs 3,389.37 crore investment and generating 29,969 jobs in 2023-24. In 2024-25, 405 units brought in Rs 4,145.59 crore investment, creating 11,396 jobs. By December 2025, 184 industrial units had attracted Rs 5,260 crore investment, providing employment opportunities for 7,431 individuals.
Government Initiatives
Deputy Chief Minister Choudhary highlighted the government’s efforts in formulating various policies and schemes to attract private investments in the Union Territory. The Department of Industries and Commerce is actively implementing initiatives such as the new central sector scheme (NCSS) 2021, J&K industrial policy 2021-30, J&K industrial land allotment policy 2021-30, and more to foster industrial growth.
The NCSS 2021, operational from April 1, 2021, to September 30, 2024, aimed at encouraging new investments in Jammu and Kashmir. Under these schemes, incentives including subsidies for DG sets, automation, pollution control devices, and quality certification are provided to industrial units. Additionally, exemptions on stamp duty and court fees for units undergoing substantial expansion are also offered.
Infrastructure Development
Emphasizing the government’s commitment to creating a business-friendly industrial ecosystem, Choudhary mentioned ongoing efforts to upgrade industrial estates with improved infrastructure. This includes better roads, drainage systems, water supply, power infrastructure, and common facilities. New industrial estates are also being developed to bolster the existing infrastructure.
Infrastructure development is being carried out in collaboration with various agencies to ensure reliable services and last-mile connectivity. Building bye-laws have been revised to allow higher floor area ratio, flexible ground coverage, and optimize land use. Furthermore, the introduction of time-bound utility connections and a single online application system through the single window clearance system aims to streamline processes for investors.
Enhancing Investor Confidence
Various reforms have been implemented to reduce compliance burden and enhance investor confidence. Online approvals, one-day shop registration, rationalization of labor laws, and decriminalization of minor offenses are some of the measures taken to facilitate a conducive business environment in Jammu and Kashmir.
Deputy Chief Minister Choudhary reiterated the government’s commitment to addressing investor concerns and fostering a stable industrial environment in the region. With concerted efforts towards infrastructure development and policy reforms, Jammu and Kashmir are poised for continued growth and investment in the industrial sector.
