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India-Pakistan
$2,300m investment in Jammu & Kashmir
2008-04-07
SRINAGAR — A major body of India’s leading entrepreneurs said yesterday that investment flow into Jammu & Kashmir has registered a 10 time-high in the wake of a "remarkable improvement" shown in its security situation in recent years.
You may have noticed fewer editions of the "Kashmir Korpse Kount" over the past year ...
Associated Chambers of Commerce and Industry (ASSOCHAM) president Venugopal N. Dhoot said that investment flow into the state went up to $200 million in 2001 to $2,300 million in 2007 following the improvement in its security situation. He told a Press conference in winter capital Jammu that the flow is expected to further accelerate in next five years. He urged the federal government to extend a special package of Rs50 billion towards improving the necessary infrastructure “so that investment flow towards Jammu and Kashmir fastens both in value and volumes from domestic and overseas industries.”

Meanwhile, ASSOCHAM will host a golf tournament at Gulmarg, Kashmir's premier resort, in September-October this year for twin purposes of promoting the game and attracting the investors to the state from across the country and abroad especially the Gulf, Dhoot said. “The ASSOCHAM is nurturing a dream of showcasing peaceful Kashmir to the participants of 2010 Commonwealth Games and attract people from across the globe to the land known as ‘Paradise on Earth’," he said.
Posted by:Steve White

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