SRINAGAR: Promising continued reform process, Finance Minister Haseeb Drabu today said he is optimistic about attracting entrepreneurs and investment to the State with a suitable business environment.
He also said the situation has been improving since the State was ranked 29th last year in the World Bank’s assessment of Indian states on ease of doing business.
“It is a fact that World Bank in its report on assessment of state’s implementation of business reforms has put Jammu and Kashmir at serial number 29 in its ranking in the country,” Drabu said in a written reply to a question of National Conference’s MLC Bashir Veeri in Legislative Council.
The minister, however, said it is also a fact that World Bank has appreciated the State for the steps taken for improving the business environment.
He added that several factors were responsible for the low ranking.
“Now the situation is improving year by year and the Government is optimistic to attract entrepreneurs and investment in the State by providing suitable investment environment,” the minister said. (AGENCIES)
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