The northern territories of Jammu & Kashmir and Ladakh are primed for growth, making them “attractive” investment destinations for non-resident Indians, prime minister Narendra Modi is reported as saying.
“Political stability and predictable policies framework are key driving forces for investors and these factors have made India an attractive investment destination in the world.”
Modi was speaking to members of the NRI business community in Abu Dhabi ahead of receiving the Order of Zayed, the UAE’s highest civil honour, reports Indian newspaper Business Today.
He urged NRI business leaders to look at the opportunities available at home, particularly Jammu & Kashmir which has been neglected for years, he said.
“Impetus on development initiatives in Jammu & Kashmir will make it play a role in the growth engine of India and also create job opportunities for the youths there.”
Not without controversy
The disputed Kashmir region has been making global headlines since its special status was revoked by Modi on 5 August.
The shift ended the state’s right to have its own constitution and autonomy – excluding where it involved defence, communications and foreign affairs.
It also downgraded the region from a state into two federally administered union territories: Jammu & Kashmir and Ladakh.
