Excelsior Correspondent
JAMMU, Sept 1: J&K BJP Executive Member, Raman Suri today said that PM Modi has brought an end to red-tapism by putting everything needed to establish industry in J&K on a web portal having even the minutest of details to facilitate investors.
In a handout, he said that the decision will end unnecessary delays in regulations needed for taking decision and completing formalities in investing in J&K post abrogation of Article 370.
“Earlier, rules and standards were excessive, rigid and redundant which didn’t encouraged investors in J&K but the way new web portal has been designed, it will not only simplify the procedures but will also encourage many industrial houses to expand their businesses in the northern region,” he maintained.
He said that process has been so much simplified that even foreign investors can have access to required information for setting up their units or ventures in J&K and the web portal is one of the biggest platforms that is expected to encourage investments to the tune of Rs. 28,400 crore wherein 300 per cent GST refund has been ensured for 10 years.
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