Due to uncertainty Srinagar fails to attract investors: Report

Due to uncertainty Srinagar fails to attract investors - Report

The erstwhile capital of Jammu and Kashmir—Srinagar— has failed to attract investors in the industrial sector due to prevailing uncertainty, insufficient capital, lack of technology and infrastructure, reveals an official report. Besides, it also states that the poor connectivity and frequent power cuts were some other major reasons to attract them. According to the approved report of Srinagar Metropolitan Region (SMR) 2035, Srinagar is the most urbanized part of Jammu and Kashmir, the Valley has remained an industrially backward region. The documents available with the news agency read, “The valley…

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