PM Modi said in an interview that leading entrepreneurs are willing to enter J&K
The likes of Cure.fit, Amul, Lemon Tree Hotels have publicly shared plans to enter the region
Jammu and Kashmir’s special status was erased recently and the region was turned into a union territory
While introducing the recent historic changes to Article 370, which revoked the special status for Jammu & Kashmir, the Indian government said the move would encourage private investments in the newly-formed union territories of J&K and Ladakh.
And now in the first interview since that controversial decision, India Prime Minister Narendra Modi told ET that he is very confident that investments will flow in to Jammu & Kashmir. “In fact, leading entrepreneurs have already expressed their interest in investing in this region,” he was quoted as saying in a long interview which delved into things such as the economic slowdown, the credit crunch for NBFCs and tax changes introduced recently at the Union Budget and more.