The Jammu and Kashmir government has attracted investments worth ₹10,516 crore since 2019.
Responding to a query by Budhal MLA Javed Iqbal Choudhary, Industries and Commerce Minister Surinder informed the assembly that ₹3,407.63 crore had been invested in Kashmir, while Jammu received ₹7,108 crore.
Breaking down the figures, the minister stated that investment in Kashmir stood at ₹164.37 crore in 2019-20, ₹148.89 crore in 2020-21, ₹125.87 crore in 2021-22, ₹737.36 crore in 2022-23 and ₹1,423.17 crore in 2024-25 (until February 25, 2025).
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For Jammu, the investments were ₹132.27 crore in 2019-20, ₹263.85 crore in 2020-21, ₹250.89 crore in 2021-22, ₹1,416.07 crore in 2022-23, ₹1,966.20 crore in 2023-24, and ₹3,079.57 crore in 2024-25. The minister also outlined several initiatives introduced to boost investment in the region. These include the new central sector scheme for the industrial development of Jammu & Kashmir (2021), the J&K Industrial Policy (2021-30), and the J&K Industrial Land Allotment Policy (2021-30).
The J&K Industrial Policy (2021-30), launched following the revocation of Article 370, seeks to transform the region into a major investment destination. The policy offers capital incentives, tax benefits, and infrastructure support to businesses. It also prioritises industrial estate development, streamlined clearance processes and improved power supply to attract companies from diverse sectors.
The policy focuses on job creation, skill development, and encouraging local entrepreneurship to integrate Jammu and Kashmir into the national economy. By diversifying its industrial base beyond horticulture and handicrafts, the government aims to bring large-scale private investment into IT, tourism, food processing, and renewable energy sectors. These efforts reflect the administration’s push towards economic growth and industrial expansion in Jammu and Kashmir.
