New Delhi: Sajjan Jindal, Chairman and Managing Director of JSW Group, yesterday announced laying the foundation stone at their new Steel processing Unit in Pulwama, South Kashmir.
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In a tweet, @sajjanjindal announced, "we have laid the foundation stone for our New Steel Processing Unit in Pulwama – the heart of Kashmir."
The JSW group is perhaps the first major corporation to buy land and start the construction of the new industrial factory set up in Jammu and Kashmir after the scrapping of Article 370 in 2019.
The steel processing unit project is a Rs 150 crore project. Reports suggest that around 70 kanals of land (8.75 acres) were handed over to JSW Group Limited in Pulwama's Lassipora industrial area to set up a Rs 150-crore steel plant.
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JSW Group is ranked among India's leading business houses. JSW Group deals in various sectors, including Steel, Energy, Infrastructure, Cement, Paints, Venture Capital and Sports and plays an essential role in driving India's economic growth.
Officials say that Jammu and Kashmir are set to become the top investment destination in the country as it races up to various infrastructure projects and is reaching out to foreign and domestic investors through several forums and industrial summits.
Apollo Hospitals and Mendicity are also investing in major health projects in the Union Territory.
Investors from the rest of the countries, and foreign investors, particularly from the Middle East, are keen to invest in J&K.
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