Two years after J&K lost special status, outside investors stay away from Kashmir

Two years after J&K lost special status, outside investors stay away from Kashmir

By: Safwat Zargar More than two years after Delhi scrapped statehood and autonomy for Jammu and Kashmir, the Centre’s push to attract outside investment to the Kashmir valley remains a non-starter. Last year, the Union Territory administration set up an online portal, InvestJK, “a single-window clearance system for ease of doing business in J&K.” Potential investors can use this portal to apply for the allotment of land in long-term leases in Jammu and Kashmir. According to Mehmood Ahmad Shah, director of the industries and commerce department in Kashmir, “99.9% of…

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