J&K to see major boost in business, tourism investment: Officials

Updated: Nov 25 2022 4:50PM

Srinagar (J&K), Nov 25 (PTI) The Jammu and Kashmir administration is working to boost business investment and enhance income of the local population by simplifying rules and procedures, and digitising records, senior officials said.

The Union Territory, since the abrogation of Article 370 from the erstwhile state of Jammu and Kashmir in 2019, has received investment proposals from various business houses to the tune of about Rs 56,000 crore while sanctions have been granted to proposals worth Rs 38,000 crore, they said.

The work is already on for projects worth about Rs 12,000 crore, a top official of the administration said.