PM Modi may unveil investor summit in J&K in October

The government believes that the change in Jammu & Kashmir’s status will encourage private sector investment in the new Union Territory. Till now, officials say, provisions of Articles 370 and 35A have prevented business houses from purchasing land and hiring skilled manpower. 

According to official statistics, 10% of all central funds have gone to the state between 2000 and 2016 but private investment had been below par due to the special provisions. The change in administrative st ..