The Newsfeed

Parliamentary panel seeks details of investment proposals received for J&K since its conversion into Union Territory

J&K Govt forms Coordination Cell to monitor implementation of online services
Parliamentary panel seeks details of investment proposals received for J&K since its conversion into Union Territory

Srinagar, Feb 16: A parliamentary panel has asked the Centre to submit the details of investment proposals received for the Union Territory of Jammu & Kashmir since its creation.

In its report tabled in the Parliament earlier this month, the department-related parliamentary standing committee on Ministry of Home Affairs has asked the Centre to apprise it about details of the projects undertaken/ proposed for creating necessary social and physical infrastructure for attracting new industries and entrepreneurs in Jammu and Kashmir.

“The committee also desires to know about the details of investment proposals received for the UT of J&K since its creation,” reads the report, a copy of which is in possession of news agency.

J&K was downgraded into a UT from October 31, 2019 after Parliament enacted Jammu & Kashmir Reorganisation Act-2019.

The Committee has reiterated its recommendation of setting up a planning board and investment promotion agency in J&K in a stipulated time to formulate investment plans and coordinate with the industries from various sectors and countries to increase investment in J&K.

In its earlier report, the committee emphasized the need for proper physical and social infrastructures like land, capital, storage, roads, railways, air connectivity communication, power, skilled, workforce to attract new industries and entrepreneurs into J&K.

“The committee also recommends setting up a Planning Board and investment promotion agency in J&K in a stipulated time to formulate investment plans and coordinate with the industries from various sectors and countries to increase investment in J&K. The MHA should also hold periodic meetings with the Planning Board for guidance and addressing the issues with the concerned Ministries of the Government of India,” read the recommendations made by the panel in its report last year.

The 31-member panel is headed by Anand Sharma of Congress. It comprises of 10 Rajya Sabha members and 21 Lok Sabha members.

 

The Dispatch is present across a number of social media platforms. Subscribe to our YouTube channel for exciting videos; join us on Facebook, Intagram and Twitter for quick updates and discussions. We are also available on the Telegram. Follow us on Pinterest for thousands of pictures and graphics. We care to respond to text messages on WhatsApp at 8082480136 [No calls accepted]. To contribute an article or pitch a story idea, write to us at [email protected] |Click to know more about The Dispatch, our standards and policies   
Parliamentary panel seeks details of investment proposals received for J&K since its conversion into Union Territory