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Jammu & Kashmir Paradise on Earth

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Jammu & Kashmir Paradise on Earth JAMMU & KASHMIR PARADISE ON EARTH JANUARY 2017 For updated information, please visit www.ibef.org 1 JAMMU & KASHMIR PARADISE ON EARTH Executive Summary ………………….……3 Advantage J&K ……………………….……5 Jammu & Kashmir Vision…………….……6 Jammu & Kashmir – An Introduction …….7 Annual State Budget 2015–16…….….…18 Infrastructure Status ……………...….…..20 Business Opportunities …………....…….39 Doing Business in Jammu & Kashmir …64 State Acts & Policies …………….…........65 JANUARY 2017 For updated information, please visit www.ibef.org 2 JAMMU & KASHMIR PARADISE ON EARTH EXECUTIVE SUMMARY … (1/2) • Jammu & Kashmir (J&K) is a global tourist destination. In addition to traditional Strong tourism sector recreational tourism, a vast scope exists for adventure, pilgrimage, spiritual, and health tourism. • A vast natural resource base has enabled J&K to develop land for cultivating major fruits. Leader in agro-based The state’s share in the overall apple production in India increased from 65.97% in 2013- industry 14 to 69.15% in 2015-16, with the overall production of apples in the state reaching around 2 million MT in 2015-16. Strong • With varied agro-climatic conditions, the scope for horticulture is significantly high in the state. There is considerable scope for increasing the horticulture produce, which is horticulture sector exported. • J&K has an ideal climate for floriculture and an enormous assortment of flora and fauna. Vibrant • The state has Asia’s largest tulip garden. floriculture sector • The state recorded production of 38.76 thousand metric tonnes of flowers during 2015-16, of which 27.21 thousand metric tonnes were loose flowers and 11.55 thousand metric tonnes were cut flowers. Source: Ministry of Tourism, Ministry of Agriculture JANUARY 2017 For updated information, please visit www.ibef.org 3 JAMMU & KASHMIR PARADISE ON EARTH EXECUTIVE SUMMARY … (2/2) • The average rate of electricity for industrial consumers in J&K ranges from US$ 0.05– Lowest power tariffs 0.086, while that for commercial consumers ranges from US$ 0.05–0.06; these rates are relatively lower than those in most other Indian states. World famous • Over the years, handicrafts industry of the state witnessed huge growth. A total of US$ 0.086 million in funds were released under the handicraft schemes in J&K during 2015-16 handicrafts industry (up to November 2015). Source: Central Electricity Authority, Ministry of Textiles JANUARY 2017 For updated information, please visit www.ibef.org 4 JAMMU & KASHMIR PARADISE ON EARTH ADVANTAGE JAMMU & KASHMIR 2015-16 GrowingParadise demand on earth Policy incentives 2020E • J&K is naturally pollution free and • J&K has an industrial policy that provides a salubrious environment. offers attractive incentives along with J&K expects to 58,568 foreign • The natural beauty and picturesque a single-window clearance witness 22.7 tourists visited locations have made it a favoured mechanism. million tourist the state destination for tourists. Jammu is • Land is allotted at concessional famous for its temples, while the rates in industrial areas on lease for arrivals Kashmir Valley is known for its 90 years. lakes and gardens. • The cost of setting up operations is comparatively lower than other Advantage states. J&K Rich labour pool Horticulture and floriculture • J&K’s inhabitants are skilled • J&K has agro-climatic conditions weavers and designers of textile best suited for horticulture and products. This provides a basis for floriculture. Horticulture is the setting up more textile units. mainstay of the rural economy, • The traditional skills of the people in providing employment to thousands. craftsmanship can be utilised to • The floriculture industry supplies meet the demands of industrial flowers to domestic and international processes. markets. JANUARY 2017 For updated information, please visit www.ibef.org 5 JAMMU & KASHMIR PARADISE ON EARTH JAMMU & KASHMIR VISION • Develop transportation • Develop vocational training centres network to enhance rural to impart skilled training to women in connectivity. various crafts and traditional trades. • Reform institutional • Create training facilities for machinery to create public agriculture and cottage industries. transport facilities. • Sustainable and balanced • Create an environment to industrial growth with focus on attract private investment in Transport Skill job-oriented projects. employment generation by Development attracting large companies. • Encourage development of small and medium-scale • Optimal utilisation of natural sectors. Investment resources, 60 per cent of promotion Industries which are commercially viable. Vision • Develop eco-tourism in the • Address the issue of shrinking state apart from developing the Tourism Environment state as adventure, heritage and natural water resources due to religious tourist destination. pollution, encroachment and siltation. • Promote rural tourism to provide Agriculture Infrastructure employment to rural people who • Conserve forests from are dependent on agriculture for depletion due to population income. expansion. • Develop fisheries to provide • To make the state self-sufficient rural employment. in energy supply and reduce • Promote organic farming to dependence on other states. help control degradation of • Develop better roads in the natural resources by avoiding mountain regions for farmers to large-scale use of chemicals. market their products. Source: Government of Jammu & Kashmir JANUARY 2017 For updated information, please visit www.ibef.org 6 JAMMU & KASHMIR PARADISE ON EARTH JAMMU & KASHMIR FACT FILE Urdu, Kashmiri and Dogri are J&K’s official languages; Hindi, Pahari and Ladakhi are also spoken in some parts of the state. Important rivers flowing through J&K include the Indus, the Chenab, the Jhelum, the Tawi and the Ravi. Jammu & Parameters Kashmir Summer capital – Srinagar Capital cities Winter capital – Jammu Source: Maps of India Geographical area (sq km) 222,236 Jammu & Kashmir is the northernmost state of India. The Administrative districts (No) 22 state shares borders with Himachal Pradesh and Punjab, Population density (persons per sq km) 124 and the neighbouring countries of Pakistan, China and Total population (million) 12.5 Afghanistan. J&K consists of three regions: Jammu, the Kashmir Valley and Ladakh. The important cities and towns Male population (million) 6.6 are: Jammu, Srinagar, Gulmarg, Pahalgam, Leh and Female population (million) 5.9 Udhampur Sex ratio (females per 1,000 males) 889 The climate of J&K varies considerably with its topography. Literacy rate (%) 68.74 The climate is primarily temperate. Jammu is known as the winter capital of the state while Srinagar is known as the summer capital. Source: Planning & Development Department, Government of Jammu & Kashmir, Census 2011 JANUARY 2017 For updated information, please visit www.ibef.org 7 JAMMU & KASHMIR PARADISE ON EARTH JAMMU & KASHMIR IN FIGURES … (1/2) Jammu & Parameter All states Source Kashmir Economy 2015-16 2015-16 Directorate of Economics & Statistics of Jammu GSDP as a percentage of all state’s GSDP 0.86 100.0 & Kashmir, Central Statistics Office Directorate of Economics & Statistics of Jammu GSDP Annual growth rate (%) 13.03 8.64 & Kashmir, Central Statistics Office Directorate of Economics & Statistics of Jammu Per capita GSDP (US$) 1,418 1,546 & Kashmir, Central Statistics Office Physical Infrastructure Installed power capacity (MW) 3,142.34 304,505.75 Central Electricity Authority, as of June 2016 Telecom Regulatory Authority of India, as of May Wireless subscribers (No) 9,874,567 1,033,157,014 2016 Telecom Regulatory Authority of India, as of Internet subscribers (No) 3,590,000 334,340,000 January 2016 National Highway length (km) 2,593.00 100,087.08 NHAI & Roads and Building Department Airports (No) 3 125 Airports Authority of India JANUARY 2017 For updated information, please visit www.ibef.org 8 JAMMU & KASHMIR PARADISE ON EARTH JAMMU & KASHMIR IN FIGURES … (2/2) Jammu & Parameter All states Source Kashmir Social Indicators Literacy rate (%) 68.74 73.0 Census 2011 Birth rate (per 1,000 population) 17.5 21.6 SRS Bulletin Investments Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 0.006 288.63 April 2000 to March 2016 Industrial Infrastructure DEA, Ministry of Finance, Government of India, PPP projects under construction 6 1,2461 July 2016 PPP: Public -Private Partnership, SRS: Sample Registration System, 1completed & operational JANUARY 2017 For updated information, please visit www.ibef.org 9 JAMMU & KASHMIR PARADISE ON EARTH ECONOMIC SNAPSHOT – GSDP At current prices, total GSDP* of J&K stood at around US$ GSDP of J&K at current prices 17.73 billion in 2015-16. (in US$ billion) The state’s GSDP grew at a CAGR of 10.09 per cent, during CAGR 17.73 2005-06 to 2015-16. 10.09% 14.54 14.28 14.49 14.46 12.73 10.20 9.21 9.17 6.78 7.36 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Source: Directorate of Economics & Statistics of Jammu & Kashmir, Central Statistics Office GSDP* -State Budget 2016-17 JANUARY 2017 For updated information, please visit www.ibef.org 10 JAMMU & KASHMIR PARADISE ON EARTH ECONOMIC SNAPSHOT – NSDP In 2015-16, J&K’s NSDP# stood at around US$ 12.5 billion. NSDP of J&K at current prices (in US$ billion) The state’s NSDP increased at a CAGR of 8.11% from 2005-06 to 2015-16. 12.50 CAGR 11.77 11.50 11.76 11.91 8.11% 10.25 8.16 7.63 7.43 5.73 6.13 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Source: Directorate of Economics & Statistics of Jammu & Kashmir, Central Statistics Office NSDP* -State Budget 2016-17 JANUARY 2017 For updated information, please visit www.ibef.org 11 JAMMU & KASHMIR PARADISE ON EARTH ECONOMIC SNAPSHOT – PER CAPITA GSDP J&K’s per capita GSDP^ in 2015-16 was at around US$ Per capita GSDP (US$) 1,418, in comparison with US$ 623 in 2005-06.
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