J&K remains attractive place for investment despite challenges: CM Omar Abdullah
Srinagar, Sep 20: Chief Minister Omar Abdullah today emphasised the need to complement Jammu and Kashmir’s tourism success story with an equally robust industrial growth, calling upon industry leaders to view J&K as a viable and promising investment destination.
Addressing the 4th meeting of the Confederation of Indian Industry (CII) Northern Regional Council 2025-26, held in Srinagar, the Chief Minister acknowledged that while the focus in recent months has largely been on tourism, industrial growth has not received the same attention. He assured stakeholders that the government is determined to correct this imbalance by strengthening the investment ecosystem across Jammu and Kashmir.
“Tourism is one part of our growth story, but the other part that requires equal attention is industrialisation,” Omar Abdullah said while interacting with business leaders. “Jammu and Kashmir remains an attractive place for investment despite challenges, and we are committed to making it easier and more rewarding for industry to operate here.”
The Chief Minister presented an overview of ongoing investments and incentives in J&K, noting that industrial hubs such as Kathua, Samba, Bari Brahmana in Jammu, and Lassipora in Kashmir continue to attract the highest inflow of capital.
He underlined recent government efforts to simplify procedures, while candidly admitting gaps in the single-window clearance system:
The Chief Minister highlighted J&K’s comparative advantages: cheaper land and electricity than neighbouring regions, GST reimbursement benefits, and availability of skilled labour. He encouraged manufacturers to explore J&K for investment in certain investor-friendly sectors which offer competitive advantage and to weigh their options in the wake of new GST rate slabs.
On the perception-versus-reality gap about peace and security in the region, Omar Abdullah said:“J&K today is calm, peaceful, and open for business. Yes, there have been difficult times, but those are behind us. Tragic incidents like the one at Pahalgam are aberrations, not the norm, and every step is being taken to prevent their recurrence.”
The Chief Minister urged investors to look beyond subsidy-driven models and invest in sectors where J&K has inherent strengths. He cited examples from agriculture, horticulture, and dairy production, noting that only 4% of milk in Kashmir is processed, compared to 80% in Gujarat.
Calling unemployment a pressing challenge, he stressed that the state cannot continue to rely only on government jobs. “Industrialisation and tourism together must create new employment avenues for our youth,” he asserted.
