India to woo businesses to Kashmir in planned investment summit

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India to woo businesses to Kashmir in planned investment summit
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India plans to offer around 6,000 acres (2,400 hectares) of land in Kashmir as p...

NEW DELHI - India plans to offer around 6,000 acres of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes.

The government enforced the changes through a harsh crackdown, deploying thousands of additional troops, imposing a communication blackout and detaining scores of people. The area is one of India’s least industrialized regions, with per capita income of 62,145 rupees in 2016-2017, lower than the national average of 82,229 rupees but better than several other states.

“If we want somebody to come and do business here, taking care of the interest of the businessman is definitely our responsibility,” Dwivedi said, adding that the government hoped to create 100,000 new jobs.

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