Infrastructure Development and Business-Friendly Policies Transform Union Territory’s Economic Landscape
Kathua, September 28, 2025 – Lieutenant Governor Shri Manoj Sinha declared Jammu and Kashmir as North India’s most attractive investment destination during an Investors Meet organized by the Department of Industries and Commerce in partnership with ICICI Bank at Basohli, Kathua.
Addressing business leaders and investors from across the country, LG Sinha emphasized the Government of India’s unwavering commitment to facilitating J&K’s industrial transformation. He revealed ongoing efforts to extend incentives under the Central Sector Scheme for Development of Industries, aimed at further accelerating industrial growth in the Union Territory.
“Our focus is inclusive and sustainable industrial development to ensure that economic growth is shared equitably across society,” stated the Lieutenant Governor, emphasizing that villages and economically disadvantaged sections should be the primary beneficiaries of economic progress.
Highlighting Basohli’s unique position in hospitality and industrial sectors, LG Sinha called for strategic initiatives including skilled workforce development and enhanced market linkages for local handicrafts. He directed the Industry Department to implement QR coding for Basohli’s renowned pashmina, handicrafts, and paintings, while announcing the Union Ministry of Textiles’ plans to establish a sub-centre in the region.
The meet witnessed participation from industry chambers, associations, and investors, reinforcing J&K’s emergence as a premier investment hub driven by robust infrastructure development and progressive policies
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