{"id":90283,"date":"2025-08-25T23:50:10","date_gmt":"2025-08-25T18:20:10","guid":{"rendered":"https:\/\/www.khushalekashmir.com\/?p=90283"},"modified":"2025-08-25T23:50:10","modified_gmt":"2025-08-25T18:20:10","slug":"private-sectors-partnership-with-government-essential-for-jks-economic-growth-dr-jitendra-singh","status":"publish","type":"post","link":"https:\/\/www.khushalekashmir.com\/index.php\/2025\/08\/25\/private-sectors-partnership-with-government-essential-for-jks-economic-growth-dr-jitendra-singh\/","title":{"rendered":"Private Sector\u2019s partnership with government essential for J&K\u2019s Economic Growth: Dr. Jitendra Singh"},"content":{"rendered":"

Srinagar, Aug 25:<\/strong>\u00a0Union Minister Dr. Jitendra Singh on Sunday called upon the Indian Chamber of Commerce (ICC) to actively facilitate private sector participation in Jammu and Kashmir, saying the Union Territory has the potential to emerge as a key driver of India\u2019s economic growth. But the private sector\u2019s partnership with government is essential for J& K \u2018s economic growth, he hastened to add.<\/p>\n

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    Speaking at the ICC Centenary Retreat in Srinagar, he emphasised that the Modi government has dismantled long-standing barriers between the public and private sectors and it is now for industry to step in.<\/p>\n

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    \u201cThe government has become very forthcoming. We have even opened up the nuclear sector, but the private industry was not ready because it did not expect this change. Now is the time for industry to take the lead,\u201d Dr. Jitendra Singh said.<\/p>\n

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    Underscoring the importance of J&K in the new growth landscape, the minister cited the \u201cpurple revolution\u201d of lavender cultivation as an example of successful public-private partnership. The initiative, which began in Bhaderwah and later spread to Gulmarg, drew investment from leading perfume manufacturers and enabled local farmers and youth to shift to high-value cultivation. Some professionals even left corporate jobs to join lavender farming after discovering its profitability.<\/p>\n

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    Similarly, Dr. Jitendra Singh noted that local self-help groups, including women-led ones, are adopting advanced techniques in apple cultivation, leading to higher yields and longer shelf life for produce. \u201cThese are examples of how early industry linkage can transform livelihoods in the region,\u201d he said, urging the Chamber to connect entrepreneurs with government agencies and private players on a larger scale.<\/p>\n

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    The Minister also highlighted the StartUp boom in the country, with nearly 1.7 lakh ventures now registered, over 60 percent of them from tier-2 and tier-3 towns. He argued that cities like Srinagar were well-positioned to ride this wave. \u201cThe aspiration levels in smaller towns are higher, and with the right ecosystem, J&K can become a hub for innovation and entrepreneurship,\u201d he said.<\/p>\n

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    Pointing to the government\u2019s policy shift, Dr. Jitendra Singh said sectors once considered exclusive to the public sector\u2014such as space and biotechnology\u2014had been opened up to private investment, with frameworks already in place for collaboration. He added that India\u2019s next economic revolution is expected to be biotechnology-driven, and J&K must find its place in this transformation.<\/p>\n

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    Calling the ICC retreat in Srinagar both timely and symbolic, he said it sent a clear message that the Union Territory is ready to be integrated into India\u2019s mainstream economic growth. \u201cThis is the best time for industry to engage with Jammu and Kashmir. What is needed is a clear plan and a timeline to make things happen,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Srinagar, Aug 25: Union Minister Dr. Jitendra Singh on Sunday called upon the Indian Chamber of Commerce (ICC) to actively facilitate private sector participation in Jammu and Kashmir, saying the Union Territory has the potential to emerge as a key driver of India’s economic growth. But the private sector’s partnership with government is essential for J& […]<\/p>\n","protected":false},"author":2,"featured_media":90284,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-90283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jammu"],"_links":{"self":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/90283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/comments?post=90283"}],"version-history":[{"count":1,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/90283\/revisions"}],"predecessor-version":[{"id":90285,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/90283\/revisions\/90285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media\/90284"}],"wp:attachment":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media?parent=90283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/categories?post=90283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/tags?post=90283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}