Inclusive Growth Is Govt’s Ultimate Goal: LG


Says Unprecedented Pace In Building Infrastructure Has Given J&K Enviable Strength, Self-Confidence

Srinagar- Terming the lack of adequate infrastructure in the past as a major hurdle in the growth of Jammu and Kashmir’s economy, the Lieutenant Governor, Manoj Sinha said on Friday that significant steps were taken by his government in the last three years to eliminate the impediments, expedite decisions on approvals for timely implementation of projects.

The LG on Friday enlisted various breakthrough initiatives of his government for furthering the economic growth and holistic development of the Union Territory.

“We have achieved the historical milestone of 50,726 projects within a year which is five times higher than the 2018 figure of 9,229 projects. Speedy economic reforms and focused attention on infrastructure development have infused new energy right across the economy which has directly resulted in reviving investment activity and investor sentiment,” Sinha said, as per an official spokesperson.

The LG, he said, maintained that the revival of different sectors of economy like handicraft, industrial investment, tourism and unprecedented pace in building infrastructure has given the Union Territory of Jammu & Kashmir enviable strength and self-confidence.
“Artificial boundaries were created within the system, which have been removed to ensure growth with equity so that every citizen of J&K benefits from fast economic development, rapid social change and J&K's prosperity,” Sinha said.

“In the connectivity sector, earlier only 6.54 KM roads were being built every day, which has now been substantially increased to 20.68 KMs road per day. Approximately, Rs. one lakh crore is being spent on road and tunnel infrastructure, which are opening up new vistas for the people living in far-flung areas,” he added.

According to the spokesperson, in 2018-19, only 9,229 projects costing Rs.67,000 Crore were completed. Subsequently, he said, in 2020-21, 21,943 projects with an expenditure of Rs.63,000 Crore were completed.
He further said that the FY 2021-22 set a new record by completing 50,726 projects. The present infrastructure is expected to expand at a much more accelerated rate in the coming days.

“Enhanced connectivity is significant not only for the overall growth of the economy but also to meet the objectives of strengthening institutions for providing basic necessities to all, agriculture, promotion of inclusive growth and generation of employment opportunities. Inclusive growth is the ultimate goal of the government," the LG said, as per the spokesperson.

He said that the LG also highlighted the measures to improve agriculture and horticulture productivity such as diversification of high-density crops, availability of high-quality seeds, improvement in water management and promotion of technology.

“He said that the all-round improvement in this important sector would contribute significantly toward economic growth of the Union Territory of J&K and employment creation,” he added.

Follow this link to join our WhatsApp group: Join Now

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS