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J&K to get Rs 80,000 Cr investments: Sinha

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STATE TIMES NEWS

Srinagar: Lieutenant Governor Manoj Sinha on Monday said Jammu and Kashmir will get investments to the tune of Rs 80,000 crore in the near future as the administration is keen to establish an industrial ecosystem that will help the local youth achieve their dreams.
“The kind of enthusiasm I see and the kind of proposals we are getting, I am sure that, in the coming days, we will get investments of Rs 75,000 crore to Rs 80,000 crore. It will provide employment to five lakh people,” Sinha said after laying the foundation stone of a private hospital and medical college here.
Sinha said over the past two years, the Union Territory on an average has got six proposals per day for setting up industrial units.
“If I take average of two years, we have been receiving proposals for setting up six industrial units every day,” he added.
Sinha said the 500-bedded hopsital and medical college project, which is estimated to come up at a cost of Rs 559 crore, was second such project in the valley after Milli Trust launched a similar project earlier this year. He said the hospital will provide modern medical facilities, generate employment opportunities for youth and healthcare professionals and create additional 100 MBBS seats.
“This is a reflection of our potential in the health sector and it will have a positive effect on other sectors and overall economy as well. I am told that this project is also a kind of foreign direct investment. This is the second such project. We want to create such an industrial ecosystem in Jammu and Kashmir which will fulfil the aspirations and dreams of the youth here,” he added.
It will serve as a hub for medical education and research, he added.
“This is a significant achievement in our endeavor to encourage private investment in medical infrastructure and to create modern, integrated and quality healthcare facilities in J&K UT,” the Lt Governor said. Under the guidance of Prime Minister Narendra Modi, J&K is creating a people-centric healthcare ecosystem that is more inclusive, equitable and accessible to all, especially in the far-flung areas, he said.
We have given priority to the health of every section of society. The Medicity project is not just a milestone in terms of investment, but a significant step towards accessible, affordable and quality healthcare, medical education and bringing J&K at the forefront of healthcare innovation, the Lt Governor added.
The Lt Governor congratulated the entire team of Areesha Royal Hospital & Medical College and everyone associated with the project.
On the improvement in healthcare, Sinha said the AIIMS at Jammu is by and large functional while the AIIMS in Kashmir, which is coming up at Awantipora in Pulwama district, is expected to start functioning from next year.
“The highest per capita investment for public healthcare is in Jammu and Kashmir. Efforts have been made to ensure healthcare facilities in far-flung areas as well. Under the Ayushman Bharat, every family in Jammu and Kashmir has got a health insurance of Rs five lakh,” he said.
Arshid Bhat, director of the project, said the construction work on the project will commence from March next year.
“We planned this project two years ago. We will set up a 500-bed hospital and a medical collegeโ€ฆ All the specilaities will be there and nothing will be left out,” Bhat said. This is the third Hospital coming in J&K in the private sector and two more such projects will come in the future, one each in Jammu and Kashmir divisions, it was informed. Bhupinder Kumar, Secretary Health and Medical Education; Vijay Kumar, ADGP Kashmir; Vijay Bhidhuri, Divisional Commissioner Kashmir; Vikramjit Singh, Commissioner Secretary Industries & Commerce; Arshid Ahmed Bhat, MD Areesha Royal Hospital Private Limited, senior officials and prominent citizens were present.

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