LG Manoj Sinha announces Rs 860 bn investment proposal in J&K

31 Oct 2023 CW Team

Manoj Sinha, Lieutenant Governor, Jammu and Kashmir, announced that investment proposals amounting to Rs 860 billion had been received by the Union Territory. He stated that the region had become a favoured choice for both national and international investors.

Addressing a gathering at the Industrial Complex in Lassipora, located 35 kilometres from Srinagar, Sinha revealed, "The Industries and Commerce Department has received investment proposals totalling Rs 860 billion. People from within the country and abroad are viewing J&K as a preferred investment destination."

Sinha, who inaugurated 12 controlled atmosphere stores at the event, emphasized the government's commitment to translating these investment proposals into tangible projects for the development and prosperity of the people in Jammu and Kashmir. He stated, "Efforts are underway to implement these proposals on the ground. However, development is impossible without peace. While security forces are fulfilling their responsibilities, it is essential for the public to stand against any attempts to disrupt peace. Innocent individuals will be protected, and wrongdoers will not be spared."

Regarding the controlled atmosphere stores, Sinha described them as a lucrative business opportunity. He expressed confidence that the 12 stores, now open to the public, would greatly benefit farmers.

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