J&K Attracts ₹14,948 Cr in Private Investment Since FY23: Deputy CM
The Deputy Chief Minister Surinder Kumar Choudhary announced on Monday that Jammu and Kashmir has successfully attracted private investments amounting to ₹14,948 crore over the last four years, leading to the creation of 64,515 job opportunities in the industrial sector.
In response to a query by BJP MLA Sunil Bhardwaj in the Legislative Assembly, Deputy CM Choudhary revealed that a total of 1,452 industrial units have been established in Jammu and Kashmir since the fiscal year 2022-23.
Breaking down the numbers, Choudhary stated that 629 industrial units were set up in 2022-23, with an investment of ₹2,153.45 crore, providing employment to 15,719 individuals. In the subsequent years, 234 units in 2023-24 attracted an investment of ₹3,389.37 crore, generating 29,969 jobs, whereas 405 units in 2024-25 brought in ₹4,145.59 crore of investments, resulting in 11,396 job opportunities.
As of 2025-26 until December, 184 industrial units have received investments totaling ₹5,260 crore and have created employment for 7,431 people.
Choudhary emphasized that the government has introduced several policies and schemes to encourage private investments in the Union Territory. The Department of Industries and Commerce is actively implementing various initiatives, including the new central sector scheme (NCSS) 2021, J&K industrial policy 2021-30, J&K industrial land allotment policy 2021-30, J&K private industrial estate development policy 2021-30, and the policy for the promotion of foreign investment in the industrial sector in J&K, 2022.
Regarding the NCSS 2021, Choudhary mentioned that the scheme, operational from April 1, 2021, to September 30, 2024, was aimed at encouraging new investments in Jammu and Kashmir.
Under these schemes, various incentives are being provided, including 100% subsidy for the purchase and installation of DG sets, subsidies for automation, pollution control devices, and green environment initiatives. Turnover incentives are also being offered for existing units, along with subsidies for obtaining quality certification and exemptions for stamp duty and court fees for units undergoing substantial expansion.
Choudhary further elaborated that the government is actively addressing investor concerns and striving to create a stable and business-friendly industrial environment in Jammu and Kashmir. Upgradation of industrial estates with better infrastructure and the development of new estates are underway to strengthen the industrial infrastructure.
“Infrastructure development is being carried out in collaboration with various agencies to ensure reliable services and last-mile connectivity,” said the Deputy Chief Minister.
Moreover, building bye-laws have been revised to allow higher floor area ratio, flexible ground coverage, and the removal of minimum plot size conditions to optimize land usage. The government has also introduced time-bound utility connections and a single online application system through the single window clearance system.
“Reforms such as online approvals, one-day shop registration, and labour law rationalization have been implemented to reduce compliance burden and enhance investor confidence,” Choudhary added.
