The Jammu and Kashmir administration claims the Union Territory has attracted investments worth ‘33,000 crore in the industries and service sectors in the last year, which is double the investment of ‘15,000 crore made since 1947.

The administration is expecting a possible investment of ‘75,000 crore by the end of calendar year 2022, which officials said is five times the investment which happened in the region in the last 75 years.

Prime Minister Narendra Modi, who is visiting J&K in April, will inaugurate projects worth Rs 33,000 crore which includes private hospitals and medical colleges with capacity of 4,500 beds and medical colleges with 1,100 seats.

As part of the campaign to attract foreign investment, a high-profile delegation of 36 potential investors and businessmen from the Gulf Cooperation Council countries is currently in Srinagar to explore investment opportunities and deliberate with the J&K administration officials.