Excelsior Correspondent
JAMMU, Jan 12: The recently signed several Memorandums of Understanding (MoUs) with business leaders in Dubai by the Jammu and Kashmir Government has opened doors for global investments. It will go a long way in socio economic growth of the UT.
Balbir Ram Rattan, spokesperson of Jammu and Kashmir BJP, said this while terming the decision to allow foreign investment in different sectors as a revolutionay step towards making J&K flourish its resources to be a hub of multiple activities.
In addition to it, a record number of 39 MoUs have been inked with domestic business players for investment of 18,300 crore of rupees in first real estate summit held at Jammu for different sectors including residential, commercial, health, hospitality, finance, infrastructure and film and entertainment, he said.
Balbir Ram Rattan said that these investments, on their establishment, will also see coming up of townships, thus boost local economy, generate employment and result in progress and development.
“There was a time when private sector could not flourish fully in J&K and with the abrogation of the Article 370, a lot of changes have taken place”, Balbir said and added that the UT is now on path of fast development without any unnecessary restriction and hinderance.
Balbir further said that only Government job was the option here in the past and in absence of other avenues of employment in Jammu and Kashmir, the highly educated youth had to move out of their home State to work in Multi National Companies (MNCs) in other states and even abroad. Now after the establishment of various projects, the decades old brain drain practice will be reduced to great extent, thus giving a big relief to the technically and professionally qualified class.
He also appealed the people of Jammu and Kashmir not to get misled by the false statements of the People’s Alliance of Gupkar Declaration (PAGD) leaders of regional political parties on Article 370 and stand with the BJP Government which has removed the bottlenecks in the path of development and progress of J&K.
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