May 29, 2023

Prime Minister Narendra Modi has said the decision to bifurcate J&K was taken after a “great deal of thought” and that it would certainly benefit the people of Jammu and Kashmir and Ladakh. He said he was confident that after the abrogation of Article 370, the investment would start coming in. He said that leading businesses had already shown interest in investing in J&K.

In an interview to The Economic Times, PM Modi said that the government’s decision to Revoke Article 370 would ensure “stability, market access, and predictable laws” in the state, which could help it gain investment, especially in key sectors like tourism, agriculture, IT, healthcare among others. “This will help develop an ecosystem which will give better rewards to the skills, hard work and products of the people in the region,” said the PM.

“In today’s world, economic growth cannot happen in a closed environment. Open minds and open markets will ensure that the youth of the region will put it on the path of greater progress. The integration gives a boost to investment, innovation and incomes,” Modi said during the interview.

He said that with the opening of top educational institutes like IIT, IIM, AIIMs, people of the state would not only get better educational opportunities, they would also get a better workforce environment.

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