J&K Planning To Generate Rs 20K Cr Investment, 5L Jobs

Srinagar: Lieutenant Governor, Manoj Sinha said on Monday that his administration is planning to generate 3500 megawatt electricity, introducing reforms through land laws and bringing industry reforms through the new industrial policy, besides attracting Rs 20,000 crore in investment and creating 5 lakh jobs.

“Jammu and Kashmir is close to my heart because every step for development can affect real change to millions of people, besides transforming lives for the better. The well-being of all the citizens is my first & foremost duty and mission,” Sinha said, as per an official spokesperson.

He made these remarks after inaugurating the induction of the 12th Batch (PG Programme in Management) of Indian Institute of Management - IIM, Rohtak through virtual mode.

“We are building a future on the promise and potential of the youth of Jammu & Kashmir, thus creating better prospects for our younger generation,” he added.

On the future framework of the development and growth of J&K, the LG, as per official spokesperson said that the UT Government is planning to generate 3500 megawatt electricity, introducing reforms through Land laws, organising more structured apple farming through high-density plantation, bringing industry reforms through the new industrial policy, attracting 20 thousand crores rupees in investment and creating 5 lakh jobs.

Sinha, he said, drew similarities between management and good governance which is inclusive & responsive and observed that as the LG of J&K, his role is to manage the UT as a constitutional authority.

“Strategic Planning principles of management like Goal-setting, Situational analysis, Strategy formulation, Strategy implementation, Evaluation and Control - all being critical parts of the governance process, we are replicating in J&K,” the LG said.

“By working day and night actively with a solution-oriented approach, over 150 new initiatives and reforms have been introduced in a short period of time, providing plenty of opportunities for all. A solid platform has been laid for the young entrepreneurs including extending financial assistance to them at Panchayats, besides engaging youth with the various stakeholders and putting all their resources together for a common purpose,” he added.

The official spokesperson further said that the LG also underscored the reformative measures taken by the administration like Back to Village, My Town My Pride, Jan Abhiyan programs, Block Diwas, JK-IGRAMS, LG Mulaqaat, for making the governance process more transparent and participatory.

“Engaging, Informing, and Empathising with the people, we have created enabling environments across governance, services and delivery, besides empowering and celebrating the uniqueness which is enshrined in the very fabric of Jammu & Kashmir,” Sinha said.

“Increasing the budgetary allocation to over 1 lakh crores rupees must be seen as a holistic approach focusing on the Human Development Index and an investment in the future of Jammu & Kashmir bringing sustained peace and opportunity in the UT,” he added.

The LG, as per official spokesperson said that strengthening democratic institutions was his topmost priority.

“I want young business minds to look at J&K as a great business opportunity that offers abundant raw material for Agro & Food Processing, strategic location which is truly blessed by nature in its abundance, home to handloom and handicrafts, responsive governance, minimum government, timely policy reforms & rapid single window clearances and Industrial Infrastructure,” he added.

As per the official spokesperson, the LG termed the new Industry policy of J&K as one of the finest Industrial policies of the country which is comprehensive and holistic in its approach to create a predictable and stable business environment while facilitating innovation and investments.

Citing WEF reports, Sinha, he said, underlined the importance to put dedicated focus on skilling the younger generation as per the market demand and called upon on the innovators and the academicians to take on the challenge of skilling and educating youth for the jobs of tomorrow, up-grading traditional model of education. Let’s work together to make a better future for all of us, added the Lt Governor.

“With sizable fund allocation of Rs 200 crores, part of which we will allocate towards building a Centre of Excellence supported by one of the national institutions of eminence providing a dedicated platform for the youth in digital economy, public policy, culture, media and governance,” the LG said, as per official spokesperson.

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