The Lieutenant-Governor’s administration in Jammu & Kashmir is pushing hard to convince Dubai-based investors to explore investment possibilities in the Union Territory, even as JSW Steel Ltd. and Apollo Hospitals Enterprise Ltd. became the first major corporations to buy land for their projects after the reading down of Article 370 in 2019.
The possession of 70 kanals of land (8.75 acres) has already been handed over to JSW Steel Ltd. in Pulwama’s Lassipora industrial area to set up a ₹150-crore steel plant, officials in the J&K Industries and Commerce Department said. Sources said around half of the land will be used for landscaping. The project is to cater to the local demand only, and is likely to emerge as the top player in the sector.
