J&K Mining Can Add Rs 200 Billion Revenue: LG Sinha

23 Dec 2025 CW Team

Addressing the Strategic Management Forum Conference organised by IIM Jammu in collaboration with the Strategic Management Forum and NITI Aayog, Sinha said the Union Territory is rich in minerals such as limestone, sapphire and lithium. With targeted reforms, the mining sector could contribute between Rs 150 billion and Rs 200 billion annually over the next five to seven years, he said.

Sinha said India’s rapid economic expansion under Prime Minister Narendra Modi has been anchored in inclusive and equitable development, with policies focused on job creation, support for small businesses, higher public investment and financial empowerment. He added that macroeconomic stability, increased spending on education and healthcare, digital adoption, transparency and faster project execution are critical to achieving all-round development.

The Lieutenant Governor also called for maximising Jammu and Kashmir’s hydropower potential and suggested updating the Holistic Agriculture Development Programme to align it with evolving economic needs. On the sidelines of the event, he inaugurated the Basohli Painting Exhibition and felicitated artists, praising the efforts of IIM Jammu and the Indira Gandhi National Centre for the Arts in preserving the traditional art form.

On security, Sinha said terrorism has been significantly curtailed across large parts of the country and that local recruitment in Jammu and Kashmir has sharply declined. He said terrorists hiding in rugged terrain and forests would be eliminated, asserting that there is no place for terrorism in the Union Territory’s development journey. While accusing Pakistan of continuing infiltration attempts, he emphasised that society and administrative institutions, alongside security forces, must work together to ensure lasting peace and stability.

Lieutenant Governor Manoj Sinha said Jammu and Kashmir has the potential to generate up to Rs 200 billion in additional annual revenue by tapping its underutilised mining resources through strategic planning and focused policy interventions. Addressing the Strategic Management Forum Conference organised by IIM Jammu in collaboration with the Strategic Management Forum and NITI Aayog, Sinha said the Union Territory is rich in minerals such as limestone, sapphire and lithium. With targeted reforms, the mining sector could contribute between Rs 150 billion and Rs 200 billion annually over the next five to seven years, he said. Sinha said India’s rapid economic expansion under Prime Minister Narendra Modi has been anchored in inclusive and equitable development, with policies focused on job creation, support for small businesses, higher public investment and financial empowerment. He added that macroeconomic stability, increased spending on education and healthcare, digital adoption, transparency and faster project execution are critical to achieving all-round development. The Lieutenant Governor also called for maximising Jammu and Kashmir’s hydropower potential and suggested updating the Holistic Agriculture Development Programme to align it with evolving economic needs. On the sidelines of the event, he inaugurated the Basohli Painting Exhibition and felicitated artists, praising the efforts of IIM Jammu and the Indira Gandhi National Centre for the Arts in preserving the traditional art form. On security, Sinha said terrorism has been significantly curtailed across large parts of the country and that local recruitment in Jammu and Kashmir has sharply declined. He said terrorists hiding in rugged terrain and forests would be eliminated, asserting that there is no place for terrorism in the Union Territory’s development journey. While accusing Pakistan of continuing infiltration attempts, he emphasised that society and administrative institutions, alongside security forces, must work together to ensure lasting peace and stability.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..