Arguing that Article 370 had gotten in the way of economic development and withheld residents in the region of many rights, the Modi government has finally revoked this article from the Indian constitution.
And now a Ludhiana-based giant business group known as Trident group has announced to invest ₹1,000 crore in Jammu and Kashmir. The announcement came two days after the revocation of Article 370.
Rajinder Gupta, chairman of this business group announced that his company is going to invest in the valley to make it more beautiful. On Wednesday night, he made this announcement on the news channel.
So What Is Plan?
Reported by Hindustan Times, Rajinder Gupta and his company got plans for the development of Kashmir. But Rajinder was unable to contact, as he is on a tour. So one of the senior members of his company revealed the blueprint of investment in Kashmir.
“We have identified certain sectors, including small-scale industries and peripheral industries serving the hospitality sector. We plan to give direct and indirect employment to 10,000 families in Jammu and Kashmir,” revealed the senior member of the Trident group.
Trident Limited is a US $1-billion business working in different fields including home textiles, paper, yarn, chemicals and captive power.
Apart from that Rajinder Gupta is also the vice-chairman of the Punjab Planning Board. He has got the cabinet status and he is the first major businessman who is going to invest for the better of J&K.
Not just men’s but Gupta’s blueprint offers the same opportunities to the women of the valley. “I want Jammu and Kashmir to flourish like other states of the country,” said Gupta in the video that he shared on social media.
Earlier, certain provisions of Articles 370 and 35A have prevented the business from helping Kashmir. Acquiring land and borrowing skilled workers in the state was not allowed because of a certain law. But now when the law has been changed, these businesses can invest in Kashmir for its development.