Investment Climate in Jammu and Kashmir

EXECUTIVE SUMMARYJammu and Kashmir is blessed with enchanting natural beauty with its towering snow-capped mountains, greenmeadows, placid lakes and lush green forests. The state also has rich resources of water, agro-resources, forests,’herbal plants and minerals. Tourism and agro-based activities are the mainstay of the economy and offertremendous investment potential.Advantage Jammu & Kashmir :• Immense tourism potential in the state, given its breathtaking natural beauty and spiritual tourism destinations• With a favourable climate for growing a wide variety of fruits, the state holds immense potential in horticulture,both in processing and related infrastructure• Vast export potential in handicrafts with more than 80 percent contributed by carpets and woolen shawls• Famous for small-scale and cottage industries such as carpet weaving, silks, shawls, basketry, pottery, copper andsilverware, paper-mâché and walnut wood• Skilled weavers provide a basis for setting up of textile units• Emphasis on non renewable sources of energy with enabling policy framework like Policy for Development ofMicro/Mini hydro-power Projects 2011 and Solar Power Policy 2010• Untapped hydro-power potential of more than 20,000 MW• Endowed with rich deposits of coal, lignite, limestone, gypsum, bauxite, magnetite etc• State provides dust free environment, ideal for manufacturing of printed circuit board, assembly of precisionparts, etc• Ongoing mega project of laying 345 km Jammu-Udhampur-Katra-Quazigund-Srinagar-Baramulla railway line tobuild connectivity through difficult mountain terrain• Many fiscal incentives available to industry under the Central Special Package 2002 and the Industrial Policy2004