With the laying of foundation stone of a mega mall by Lt Governor at Sempora in the outskirts of Srinagar city recently the decks for execution of the first major direct foreign investment project have been cleared. A mega mall likely to have a capacity of 500 shops expected to generate more than 10, o00 job undoubtedly shows the Government’s intentions to give a major fillip to it’s foreign direct investment policy ahead of the G-20 conclave in Srinagar. The completion of the said shopping mall won’t be only a good beginning for foreign investors and it will also sent out a message that Kashmir is not only a safe and secure place for tourists but it has also a congenial atmosphere for trade and business as well. Projecting Kashmir not just as an all season tourist destination but also as an attractive place for trade and business would by all standards of understandabilities open up new avenues of job opportunities and income generation for the people of Jammu & Kashmir. Thousands of investment proposals received by the Government so for also in social service sectors like health, education and hotel industry, if cleared for execution in coming months are likely to open up new doors of employment opportunities and income generation for people of Jammu & Kashmir. Since the Government is not only going ahead with the clearance of many more investment proposals received by it so for but it is also moving forward with the agenda of developing infrastructural facilities in urban areas of both Kashmir Valley and Jammu division, the interest of the investors is likely to increase with the development of infrastructural facilities both in cities and towns and as well as major tourist destinations both in Kashmir Valley and Jammu division.
Since good infrastructural facilities will consequently increase the interests of foreign investors for investment not just in industrial sectors but also in social service sectors like health and education in Jammu & Kashmir, the execution of both the infrastructural and as well as the investment projects are equally important for equitable growth and development of all sectors of economy in Jammu & Kashmir. So Development of infrastructural projects is the only way to create a congenial atmosphere for the foreign investors in Jammu & Kashmir and henceforth the agenda of development necessitates equal focus on both direct foreign investments and as well as infrastructural facilities.
Though work on some of the infrastructural projects is going on well according to the given timelines but it also a fact that work on some of the infrastructural projects is going on a snails paces either due to paucity of funds or due to lack of intense monitoring. Since good infrastructural facilities will consequently increase the interests of foreign investors for investment not just in industrial sectors but also in social service sectors like health and education in Jammu & Kashmir, the execution of both the infrastructural and as well as the investment projects are equally important for equitable growth and development of all sectors of economy in Jammu & Kashmir. So Development of infrastructural projects is the only way to create a congenial atmosphere for the foreign investors in Jammu & Kashmir and henceforth the agenda of development necessitates equal focus on both direct foreign investments and as well as infrastructural facilities.
