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Jammu & Kashmir Paradise on Earth

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Jammu & Kashmir Paradise on Earth DAL LAKE IN SRINAGAR, JAMMU AND KASHMIR JAMMU & KASHMIR PARADISE ON EARTH For updated information, please visit www.ibef.org April 2018 Table of Content Executive Summary……………..……….….3 Advantage J&K…………………..…………..4 Jammu & Kashmir Vision……………….…..5 Jammu & Kashmir – An Introduction..….….6 Annual State Budget 2018-19…………..…17 Infrastructure Status ....................................19 Business Opportunities …….…..…….......…37 Doing Business in Jammu & Kashmir………61 State Acts & Policies …….………..........……62 EXECUTIVE SUMMARY . Jammu & Kashmir (J&K) is a global tourist destination. In addition to traditional recreational tourism, a vast scope Strong tourism sector exists for adventure, pilgrimage, spiritual & health tourism Leader in agro-based . A vast natural resource base has enabled J&K to develop land for cultivating major fruits. The state’s share in the overall apple production in India was 74.42 per cent in 2016-17, with the overall production of apples in the state industry reaching around 1.726 million MT. With varied agro-climatic conditions, the scope for horticulture is significantly high in the state. There is Strong considerable scope for increasing the horticulture produce, which is exported. horticulture sector . Department of Floriculture of the state has submitted a policy for floriculture development to the state government. The policy will aim at promoting investments and fiscal incentives. 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 30.09 thousand metric tonnes of flowers during 2016-17, of which 29.70 thousand metric tonnes were loose flowers and 0.39 thousand metric tonnes were cut flowers. The average rate of electricity for industrial consumers in J&K ranges from US$ 0.05–0.086, while that for Lowest power tariffs 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. Production of handicrafts in the state handicrafts industry stood at US$ 394.99 million in 2016-17. Source: Ministry of Tourism, Ministry of Agriculture 3 JAMMU & KASHMIR For updated information, please visit www.ibef.org ADVANTAGE JAMMU & KASHMIR 2017 (up to Paradise on earth Policy incentives 2020E October) . J&K is naturally pollution free and provides a . J&K has an industrial policy that offers attractive 7.31 million salubrious environment. incentives along with a single-window clearance J&K expects tourist to witness . The natural beauty & picturesque locations have mechanism. arrivals in 22.7 million made it a favoured destination for tourists. Jammu . Land is allotted at concessional rates in industrial the state tourist is famous for its temples, while the Kashmir Valley areas on lease for 90 years. arrivals is known for its lakes & gardens. The cost of setting up operations is comparatively lower than other states. Advantage J&K Rich labour pool Horticulture and floriculture . J&K’s inhabitants are skilled weavers & designers . J&K has agro-climatic conditions best suited for of textile products. This provides a basis for setting horticulture & floriculture. Horticulture is the up more textile units. mainstay of the rural economy, providing . The traditional skills of the people in craftsmanship employment to thousands. can be utilised to meet the demands of industrial . The floriculture industry supplies flowers to processes. domestic & international markets. 4 JAMMU & KASHMIR For updated information, please visit www.ibef.org JAMMU & KASHMIR VISION . Develop vocational . Develop transportation network training centres to impart skilled to enhance rural connectivity. training to women in various . Reform institutional machinery crafts and traditional trades. to create public transport . Create training facilities for facilities. agriculture and cottage industries. Sustainable and balanced . Create an environment to attract Skill industrial growth with focus on Transport private investment in job-oriented Development employment generation by projects. attracting large companies. Encourage development of small . Optimal utilisation of natural Investment and medium-scale sectors. Industries resources, 60% of which are promotion commercially viable. Develop eco-tourism in the state Vision . Address the issue of shrinking apart from developing the state as Tourism Environment natural water resources due to adventure, heritage and religious pollution, encroachment and tourist destination. siltation. Promote rural tourism to provide Agriculture Infrastructure employment to rural people who are . Conserve forests from depletion dependent on agriculture for income. due to population expansion. Develop fisheries to provide rural . To make the state self-sufficient in employment. energy supply and reduce . Promote organic farming to help dependence on other states. control degradation of natural . Develop better roads in the resources by avoiding large- mountain regions for farmers to scale use of chemicals. market their products. Source: Government of Jammu & Kashmir 5 JAMMU & KASHMIR For updated information, please visit www.ibef.org 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. Parameters Jammu & Kashmir Summer capital – Srinagar Capital cities Winter capital – Jammu Geographical area (sq km) 222,236 Source: Maps of India Administrative districts (No) 22 Population density (persons per sq km) 124 . Jammu & Kashmir is the northernmost state of India. The state Total population (million) 12.5 shares borders with Himachal Pradesh and Punjab, and the neighbouring countries of Pakistan, China and Afghanistan. J&K Male population (million) 6.6 consists of three regions: Jammu, the Kashmir Valley and Ladakh. Female population (million) 5.9 The important cities and towns are: Jammu, Srinagar, Gulmarg, Pahalgam, Leh and Udhampur. Sex ratio (females per 1,000 males) 889 . The climate of J&K varies considerably with its topography. The Literacy rate (%) 68.74 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 6 JAMMU & KASHMIR For updated information, please visit www.ibef.org JAMMU & KASHMIR IN FIGURES … (1/2) Parameter Jammu & Kashmir All states Source Economy 2017-18 2017-18 Directorate of Economics & Statistics of Jammu & GSDP as a percentage of all state’s GSDP 0.84 100.00 Kashmir, Central Statistics Office Directorate of Economics & Statistics of Jammu & GSDP Annual growth rate (%) 11.71 9.80 Kashmir, Central Statistics Office Directorate of Economics & Statistics of Jammu & Per capita GSDP (US$) 1,728.50 1,966.20 Kashmir, Central Statistics Office Physical Infrastructure Installed power capacity (MW) 3,424.82 340,526.58 Central Electricity Authority, as of March 2018 Telecom Regulatory Authority of India, as of Wireless subscribers (No) 12,559,117 1,151,936,422 January 2018 Telecom Regulatory Authority of India, as of Internet subscribers (No) 5,020,000 445,960,000 December 2017 National Highway length (km) 2,601 122,432 NHAI & Roads and Building Department Airports (No) 3 125 Airports Authority of India 7 JAMMU & KASHMIR For updated information, please visit www.ibef.org JAMMU & KASHMIR IN FIGURES … (2/2) Parameter Jammu & Kashmir All states Source Social Indicators Literacy rate (%) 68.7 73.0 Census 2011 Birth rate (per 1,000 population) 15.7 20.4 SRS Bulletin Investments Department of Industrial Policy & Promotion, April FDI equity inflows (US$ billion) 0.006 367.932 2000 to December 2017 Industrial Infrastructure DEA, Ministry of Finance, Government of India, PPP projects under construction 6 794 January 2018 Note: PPP: Public -Private Partnership, SRS: Sample Registration System, 1completed & operational 8 JAMMU & KASHMIR For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – GSDP . At current prices, GSDP of J&K has been estimated at Rs 1.41 GSDP of J&K at current prices (in US$ billion) trillion (US$ 21.86 billion) in 2017-18. The state’s GSDP grew at a CAGR of 10.30%, during 2011-12 to 30.00 1.8 *CAGR (In Rs) 10.30% 2017-18. The state is expected to grow at 11.71 per cent (in Rs) by 2018-19 to reach Rs 1.57 trillion (US$ 24.42 billion). 1.6 25.00 1.57 1.4 24.42 1.41 20.00 1.2 21.86 1.26 1.19 1 15.00 336.4 303.5 0.98 16.69 0.96 0.8 16.10 16.05 15.86 0.87 10.00 0.78 0.6 0.4 5.00 0.2 0.00 0 2017-18 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2018-19E US$ billion Rs trillion Note: E – Estimate, F – Forecast, *CAGR in Rs is up to 2017-18 Source: Economic Survey 2017, Directorate of Economics & Statistics of Jammu & Kashmir, Central Statistics Office, J & K Economic Survey 2017 9 JAMMU & KASHMIR For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP . In 2017-18, J&K’s NSDP is estimated at around Rs 1.19 trillion NSDP of J&K at current prices (in US$ billion) (US$ 18.51 billion). The state’s NSDP increased at a CAGR (in Rs) of 10.02% from 25.00 1.6 *CAGR (in Rs) 10.02% 2011-12 to 2017-18. The state’s NSDP is expected to reach Rs 1.34 trillion (US$ 20.73 1.4 billion) in 2018-19. 20.00 1.2 1.34 20.73 1.19 18.51 1 15.00 1.06 1.00 336.4 303.5 0.8 14.35 13.44 13.27 0.81 13.22 10.00 0.80 0.6 0.73 0.67 0.4 5.00 0.2 0.00 0 2017-18 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2018-19E US$ billion Rs trillion Note: *CAGR is up to 2017-18, E – Estimate, F – Forecast, *CAGR in Rs till 2017-18 Source: Directorate of Economics & Statistics of Jammu & Kashmir, Central Statistics Office, J & K Economic Survey 2017 10 JAMMU & KASHMIR For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – PER CAPITA GSDP .
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