Kashmir seeks $4b in investments

India's federal territory of Jammu and Kashmir plans to attract investments worth up to $4 billion in the next two to three years and would provide security to businesses setting up shop in the insurgency-hit region, its chief said on Saturday.

Jammu and Kashmir (J&K) was India's only Muslim-majority state until August 2019, when Prime Minister Narendra Modi carved out a Buddhist-dominated enclave and designated both as federally-administered territories.

Tens of thousands of security forces guard the region where India has been fighting an armed-insurgency for decades, especially in the disputed Kashmir valley that is also claimed by Pakistan.