The Central Government has taken several steps for the improvement of business and trade sector in Jammu and Kashmir and Ladakh. These steps played an instrumental role in the development of the region.
AIR correspondent reports, the 15th Finance Commission has allocated grants of more than 30 thousand crore rupees for the development of Jammu and Kashmir and around 6 thousand crore rupees for Ladakh for this financial year.
In addition, Global investment summits have been organized to attract the investor to make investment in the region. Reforms have been made in all the departments to make better synergy between them and remove the hindrances.
Kashmiri Kesar has been given the geo indicator tag and this shows that the trade of the region is acquiring global dimensions. A new industrial policy for the region will be announced soon.