According to the new policy document shared with potential investors, Union Territory of Jammu & Kashmir will be offering uninterrupted power, secure data transmission, refurbishing of 11 airports, ‘subsidy on rent’ and many such facilities for the proposed information technology hub.
Crux of the Matter
The new union territory of Jammu & Kashmir is majorly banking on the IT industry for employment generation and industrialization.
Two IT parks are proposed to come up by 2021; one in Srinagar and other in Jammu which will be spread over 5 lakh square feet. They are being developed in cluster mode with secure infrastructure and fiber optic connectivity along with connectivity to the airports.
The state administration also released real estate policy under which the land banks of the government will be disbursed to private developers through a transparent bidding process. Nearly 11 airports are being expanded. Amongst these, Fukche and Chushul are currently being used as Advanced Landing Grounds (ALG) by the military to transfer troops and material to the India-China border. According to the investor document, military airports at Poonch, Rajouri, Gurex along India-Pakistan border are also being expanded to be opened up for civilian use.
Curiopedia
Jammu & Kashmir is a region administered as a union territory, and constituting the southern portion of the larger Kashmir region, which has been the subject of a dispute between India and Pakistan since 1947, and between India and China since 1962. The region of Jammu and Kashmir is separated by the Line of Control from the Pakistani-administered territories of Azad Kashmir and Gilgit-Baltistan in the west and north respectively. Provisions for the formation of the union territory of Jammu and Kashmir were contained within the Jammu and Kashmir Reorganisation Act, 2019, which was passed by the Parliament in August 2019. The act re-constituted the erstwhile state of Jammu and Kashmir into two union territories, Jammu and Kashmir and Ladakh, with effect from 31 October 2019. More Info
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