Mumbai: After the removal of Section 370 from Jammu and Kashmir by the Central Government, many companies and state governments are taking interest in investing in the valley. Modi government is also going to organize Global Investors Summit in Jammu and Kashmir in October to encourage investment in the valley. However, before the summit, 30 private companies have sent proposals of about Rs 15,000 crore to the central government.

With the withdrawal of Article 370, people of other states can also buy land in Jammu and Kashmir and after getting this facility, Maharashtra will be the first state to invest in the valley. The Maharashtra government has also announced to invest in the valley. Maharashtra government will open two resorts in Jammu and Kashmir. This proposal has been approved in the state cabinet meeting. Maharashtra Tourism Development Corporation (MTDC) has several resorts in the state. Resorts will be opened by MTDC in Kashmir and Ladakh on the same lines.

The Maharashtra government has sent a proposal to open the resort in Pahalgam and Leh in Jammu to the Center. Maharashtra government will buy land from the central government or on a personal level and build a resort here. An investment of Rs 2 crore will be made for these resorts. The Maharashtra government claims that opening the resort in the valley will provide considerable relief to the tourists visiting here. Especially pilgrims coming to Amarnath and Vaishno Devi will benefit from it.

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