DAL LAKE IN SRINAGAR, JAMMU AND KASHMIR JAMMU & KASHMIR PARADISE ON EARTH For updated information, please visit www.ibef.org March 2020 Table of Content Executive Summary……………..……….….3 Introduction…..…………………..…………..4 Economic Snapshot…….……………….…..9 Physical Infrastructure………………….….15 Social Infrastructure……….…………..…...22 Industrial Infrastructure..............................25 Key Sectors………….…….…..…….......…27 Key Procedures and Policies……..……….34 Annexure…….……….........................……42 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. Overall tourist arrival in the Union Territory (UT) of Jammu Kashmir in 2017(P) stood at 14.32 million. A vast natural resource base has enabled J&K to develop land for cultivating major fruits. The UT’s share in the Leader in agro-based overall apple production in India was 76.25 per cent in 2017-18(P), with the overall production of apples in the UT industry reaching around 1.74 million MT. With varied agro-climatic conditions, the scope for horticulture is significantly high in the UT. There is Strong considerable scope for increasing the horticulture produce, which is exported. horticulture sector . Department of Floriculture of the UT has submitted a policy for floriculture development to the 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 UT has Asia’s largest tulip garden. floriculture sector . The UT recorded production of 31.45 thousand metric tonnes of flowers during 2018-19* of which 27 thousand metric tonnes were loose flowers and 4.45 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. World famous . Over the years, silk industry of the UT witnessed huge growth. Production of raw silk in the UT for 2017-18(P) handicrafts industry stood at 132 MT and 118 MT for FY18-19P. Note: P – Provision, * - 3rd Advance Estimates Source: Ministry of Tourism, Ministry of Agriculture 3 JAMMU & KASHMIR For updated information, please visit www.ibef.org JAMMU & KASHMIR INTRODUCTION 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 UT. 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 UT of India. The UT shares Total population (million) 12.5 borders with Himachal Pradesh and Punjab, and the neighbouring countries of Pakistan, China and Afghanistan. J&K consists of three Male population (million) 6.6 regions: Jammu, the Kashmir Valley and Ladakh. The important Female population (million) 5.9 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 (%) 67.16 climate is primarily temperate. Jammu is known as the winter capital of the J&K while Srinagar is known as the summer capital. Source: Planning & Development Department, Government of Jammu & Kashmir, Census 2011 5 JAMMU & KASHMIR For updated information, please visit www.ibef.org ADVANTAGE JAMMU & KASHMIR Paradise on earth Policy incentives . J&K is naturally pollution free and provides a . J&K has an industrial policy that offers attractive salubrious environment. incentives along with a single-window clearance . The natural beauty & picturesque locations have mechanism. made it a favoured destination for tourists. Jammu . Land is allotted at concessional rates in industrial is famous for its temples, while the Kashmir Valley areas on lease for 90 years. is known for its lakes & gardens. The cost of setting up operations is comparatively lower than other states/UTs. 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. 6 JAMMU & KASHMIR For updated information, please visit www.ibef.org JAMMU AND KASHMIR IN FIGURES Jammu & Kashmir’s Contribution to Indian Economy (2017-18) Physical Infrastructure in Jammu & Kashmir Jammu & Parameter India Parameter Jammu & Kashmir India Kashmir GSDP as a percentage of all Installed power capacity 0.84 100.00 3,417.13 369,427.97 UTs’ GSDP (MW) as of February 2020 GSDP growth rate (%) 11.71 9.80 Wireless subscribers (million) as of December 10.32 1,151.43 Per capita GSDP (US$) 1,577.86 1,966.20 2019 Internet subscribers (Mn) Social Indicators 4.88 687.62 as of September 2019 Jammu & Parameter India National highway length Kashmir (km) 2,423 132,499 Literacy rate (%) 68.7 73.0 (As of March 2019) Birth rate (per 1,000 15.7 20.4 Airports (No) 3 13+187 population) Industrial Infrastructure Investments (as of September 2019) Jammu & Jammu & Parameter India Parameter India Kashmir Kashmir PPP projects under 9 1824 construction Cumulative FDI equity inflows 6 446.11 since April 2000 (US$ million) Note: GSDP, per capita GSDP figures are at current prices, exchange rates used is average of 2017-18 i.e. 64.45, For source refer to Annexure 7 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 per cent of which are promotion commercially viable. Develop eco-tourism in the UT apart Vision . Address the issue of shrinking from developing the UT as adventure, Tourism Environment natural water resources due to heritage and religious tourist destination. pollution, encroachment and . Promote rural tourism to provide siltation. employment to rural people who are Agriculture Infrastructure dependent on agriculture for income. Conserve forests from depletion due to population expansion. Develop fisheries to provide rural . To make the UT self-sufficient in employment. energy supply and reduce . Promote organic farming to help dependence on other states/UTs. 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 8 JAMMU & KASHMIR For updated information, please visit www.ibef.org JAMMU & KASHMIR ECONOMIC SNAPSHOT ECONOMIC SNAPSHOT – GSDP GSDP of J&K at current prices Per capita GSDP 2,000 120,000 30.00 CAGR (In Rs) 5.87% 1.6 CAGR (In Rs) 8.64% 1.4 1,800 25.00 100,000 1,600 1.41 1.2 111,905.44 1.26 24.42 20.00 1,400 1,736.31 1.19 80,000 1.17 1 101,693.34 21.86 1,200 1,577.86 92,503.74 0.98 15.00 0.8 88,604.00 18.82 0.96 1,378.80 18.19 1,353.56 1,000 1,319.37 60,000 0.87 16.69 1,249.18 16.10 16.05 15.86 1,216.43 1,216.36 0.78 0.6 74,275.00 10.00 800 73,322.00 67,843.00 0.4 61,852.00 40,000 600 5.00 0.2 400 20,000 0.00 0 200 0 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2018-19 2017-18E 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2018-19F US$ billion Rs trillion 2017-18E US$ Rs . At current prices, GSDP of J&K has been estimated at Rs 1.17 . J&K’s per capita GSDP^ in 2017-18 is estimated at around Rs trillion (US$ 24.42 billion) in 2018-19. 1577.86 (US$ 1,319.4). The UT’s GSDP grew at a CAGR of 5.87 per cent, during 2011-12 to . The per capita GSDP increased at an average rate of 8.64 per 2018-19. cent between 2011-12 and 2017-18. The per capita GSDP is expected to reach Rs 111,905 (US$ 1,736.31) in 2018-19. Note: E – Estimate, F – Forecast, Per Capita GSDP^ - calculated using GSDP million US$/Population in million Source: Economic Survey 2017, Directorate of Economics & Statistics of Jammu & Kashmir, Central Statistics Office, J & K Economic Survey 2017 10 JAMMU & KASHMIR For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP NSDP of J&K at current prices Per capita NSDP 25.00 CAGR (in Rs) 10.02% 1.6 1,600.00 CAGR (in Rs) 8.37% 100,000 1.4 1,400.00 90,000 20.00 80,000 1.2 1,200.00 94,992.00 1,473.89 1.34 20.73 70,000 1.19 1 86,108.00 15.00 1,000.00 1,336.04 18.51 336.4 60,000 1.06 303.5 77,918.00 1.00 0.8 15.85 1,134.24 73,054.00 15.33 800.00 50,000 14.35 10.00 1,046.47 1,013.74 0.81 13.44 1,002.05 0.80 13.27 13.22 0.6 0.73 61,185.00 600.00 61,108.00 40,000 0.67 0.4 56,834.00 5.00 53,173.00 30,000 400.00 0.2 20,000 0.00 0 200.00 10,000 0.00 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2018-19F 2017-18E 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2018-19F US$ billion Rs trillion 2017-18E US$ Rs .