New Delhi, Nov 22 (KNN) Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday said that the union territory has secured business proposals worth Rs 86,000 crore.

Speaking at an Engineering Export Promotion Council, LG Sinha invited industry players to capitalize on the myriad opportunities across various sectors, citing more attractive incentives than other states, including reduced power tariffs, capital investment benefits, and interest subvention. He highlighted the secured business climate in the region has led to new investments.

Sinha pointed to the union territory's robust agriculture sector, noting its position as a major producer and exporter of apples, cherries, and walnuts. 

At the event, Sinha informed about United Arab Emirates' Emaar Group's intent to build a shopping mall and an IT tower in Srinagar.

J&K has a growing industrial base with 51 industrial estates at present and many more are in the process of being developed, he said.

Sinha also said that tourist inflow has increased and is expected to reach over 2.25 crore this year, as against 1.88 crore last year.

The Centre through the unique ‘Atmanirbhar Bharat Abhiyaan’ has played a significant role in scaling up export of engineering goods, said Arun Kumar Garodia, chairman, Engineering Export Promotion Council.

(KNN Bureau)