
When Jammu and Kashmir CM Ghulam Nabi Azad takes the hot seat at the fourth Pravasi Bharatiya Divas meet starting Saturday, he intends to go all out while courting foreign direct investment in various sectors 8212; all with the promise of single-window clearance.
8216;8216;For the 10 to 12 years of militancy, no big investment came to the state in either the
private or the public sector,8217;8217; he says. 8216;8216;But due to a perceptible improvement in the security environment here, it has been possible to revive industrial activity over the last three or four years. 8217;8217;
To reassure NRIs they would not be first-timers risking their pockets in what is still perceived as a strife-torn state, Azad says that J038;K has already succeeded in attracting investment to the tune of around
Rs 3,500 crore in the industry sector 8216;8216;despite the perception that the security situation in the state was fragile8217;8217;.
In the effort to give J038;K an investor-friendly climate, Azad is looking at a Single Window Clearance System for the fast-track processing of NRI project proposals. 8216;8216;We are determined to make things easy and transparent for the investor. As a step forward, we are trying to improve the state8217;s work culture,8217;8217; he said.