Private investments focused on industrial sector boost income and employment avenues in almost all the states and union territories of the country. Now incumbent government under the leadership of Lt Governor Manoj Sinha is also opening doors to private investor in Jammu & Kashmir also obviously to generate new employment avenues for youth in the private sector in both Kashmir Valley and as well as Jammu division. Creating a congenial atmosphere for private investments in industrial sector in Kashmir valley is a huge challenge for the government due it’s poor road and rail connectivity . The completion of another major track of Srinagar-Jammu highway from Srinagar to Qazigund has not only eased the travel from Srinagar to Qazigund but the time taken to complete the journey from Srinagar to Jammu has been also reduced by 2-3 hours. So better road connectivity between Jammu and Srinagar would hopefully generate more interest in private investments in Kashmir Valley also in coming years and as such change in the industrial scenario is likely to change the employment and economic scenario as well in coming few years. The rise in employment witnessed in Jammu & Kashmir in recent years is also attributed to lack of interest in private investments in Jammu & Kashmir. Though it is too early to talk about the future of the government’s recent initiatives on private investments in Jammu & Kashmir but the plans of the government to generate a congenial atmosphere for the industrial sector has generated hopes of a bright future for the growth and expansion of the industrial sector in Jammu & Kashmir in coming years.
Allowing private investments in development of public infrastructure would by all standards of understandabilities generate an atmosphere of competitiveness among the fresh investors in Jammu & Kashmir. A bigger initiative on private investments with greater focus on industrial sector could most probably change the economic and employment scenario in Jammu & Kashmir particularly Kashmir valley.
As government on it’s part is generating hopes but not despair among youth by embarking on massive plans of private investment in furtherance of the causes of employment and income generation, the plans for private investments in industrial sector could hopefully witness massive involvement and engagement of the J&K youth in the industrial expansion in both Kashmir Valley and as well as Jammu division. Besides having a role industrial expansion the private investors can play a key role in expansion of the public infrastructure also. Allowing private investments in development of public infrastructure would by all standards of understandabilities generate an atmosphere of competitiveness among the fresh investors in Jammu & Kashmir. A bigger initiative on private investments with greater focus on industrial sector could most probably change the economic and employment scenario in Jammu & Kashmir particularly Kashmir valley.
