Shortly after Article 370 was scrapped, both big and small firms namely Trident Group, Medanta Group, Reliance Industries, CureFit, and Policybazaar, have announced plans to invest in the Union Territory of J&K. From fitness centres and hospitals to providing jobs, India Inc. has made many announcements. Mukesh Ambani-led Reliance Industries has plans to set up a special task force to prepare plans for the region’s developmental initiatives. Trident Group chairman Rajinder Gupta plans to invest Rs.1,000 crore. Chairman of Medanta Group, Naresh Trehan, said that his group will provide healthcare facilities, which will also be a big employment provider. Analyst Ankur Bisen at Technopak Advisors said that some of these projects have a long gestation period and their execution will depend on easing of restrictions once normalcy returns to the valley. Policybazaar has announced that it will hire 4,000 candidates from the region; and health and fitness start-up CureFit will open fitness centres.
📅Published on:
21 August 2019
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