Jammu and Kashmir Government signed a Memorandum of Understanding (MoU) with NBCC for establishing IT Towers in both the capital cities of Jammu and Srinagar.The MoU was signed between NBCC and JK IT Infrastructure Development Company, in presence of Manoj Sinha, Lieutenant Governor of J&K.
These IT Towers would be established at a cost of Rs 50 crore each.
Speaking on the occasion, the Lt Governor observed that the development of IT infrastructure in Jammu and Kashmir would go a long way in creating a conducive environment for startups, economic growth and creation of employment opportunities.
“Growth of the Information Technology sector is absolutely imperative for economic growth and for creation of gainful employment opportunities” the Lt Governor remarked.
“We have enough money and resources to give a fillip to the Information Technology sector and last year alone, Rs.156 Crore was provided to make substantial investment for effective penetration of digital technology in the entire Jammu and Kashmir”, the Lt Governor maintained.
“Now, this infrastructure is expected to significantly increase Jammu and Kashmir appeal to top national investors in the field of Information Technology and Enabled Services”, said the Lt Governor.The Lt Governor set deadlines of 15 months and 17 months for completion of the IT Towers at Jammu and Srinagar, respectively, against the time period of 24 months which was earlier set for completion of the projects.
