Commerce Min: Govt plans economic development of J&K, Ladakh, emphasis on tourism

New Delhi: The Government is working on schemes that will offer significant incentives to promote industrial development in the Union Territories (UTs) of Jammu & Kashmir and Ladakh said Union Minister of Commerce & Industry and Railways, Piyush Goyal, in New Delhi today.

Goyal was speaking at a conclave on ‘Kashmironomics’ held to discuss the strategy for the economic development of Jammu & Kashmir and Ladakh. The forum was addressed by Goyal along with Union Minister of Women and Child Development and Textiles, Smriti Irani. Representatives of industry, civil society, economists and government officials were present at the conclave.

Goyal stated that that the Ministry is formulating a plan for setting up more inland container depots, trade development centres, modern institutes of eminence and registering more products of the region with the GI tag.

Goyal further said that railways projects that are being implemented will make both UTs among the most developed region in the next ten years.

Goyal added that the sectors that hold great promise and that are still untapped are tourism, food processing, hydro and solar power. These sectors have the possibility of ensuring sustainable and balanced development in Jammu & Kashmir and Ladakh and will bring long term and balanced development to the different parts of the region, reaching even the remotest corners, he said.

Goyal further informed that the world knows about the beauty of Jammu & Kashmir, and tourism has the potential to become one of the biggest revenue earners for the local people of the region.

He concluded by saying that the prosperity of the region and the people that had been held back for so many years will now be addressed as all Government Departments, public and private sector and non-governmental organizations come together to integrate Jammu & Kashmir and Ladakh into the rest of India.

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The ID Staff

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