Trident group to invest Rs 1,000 crore in Jammu and Kashmir after scrapping of Article 370

The Hush Post|8:00 am|1-min-read

The Ludhiana based business giant, Trident group has announced to invest Rs 1,000 crore in Jammu and Kashmir for the development of the state after the scrapping of Article 370.

Rajinder Gupta, the Chairman said, “A blueprint is already in places and has identified sectors and small scale industries that he would invest in. We plan to give direct and indirect employment to 10,000 families in Jammu and Kashmir.” Further, he added that he wanted to work for the women empowerment.

“I want Jammu and Kashmir to flourish like every other state of the country financially,” Gupta said.

Gupta is also the vice-chairman of the Punjab Planning Board with cabinet status. He is the first major businessman who has announced investment for the state.

Though, certain provisions of Articles 370 and 35A have prevented business houses from purchasing land and hiring skilled manpower in the state.

However, Trident Limited is a US $1-billion company with business interests in home textiles, paper, yarn, chemicals and captive power. Recently, Trident tied up with Amazon to sell its products online.

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