Jammu, Feb 06: Jammu and Kashmir Chief Minister Omar Abdullah on Friday said the Union Territory’s economy faced severe strain over the past year due to a combination of geopolitical tensions and a debilitating drought, affecting sectors ranging from hospitality and industry to services.
Speaking at a post-Budget press conference, CM Omar as per Kashmir Convener said that the “uncertainty” linked to strained relations between India and Pakistan had been compounded by a drought-like situation in October, particularly in parts of Jammu. “All the earnings that we had hoped for last year have been left behind,” he said.
To address losses from weather-related damage, the Centre has announced a ₹1,430-crore package for permanent reconstruction in the region. “We are using that money properly… but these are big challenges for us,” the Chief Minister observed, while expressing hope that with a stable year ahead, the economy could be placed on “a stable and strong footing.”
Power projects and Indus Waters Treaty
On hydropower development, CM Omar said that ongoing projects — including Ratle, Kiru and Pakal Dul — would see no change in design or generation capacity, keeping them in compliance with the Indus Waters Treaty. He indicated, however, that future projects could be optimised within the treaty’s provisions to benefit J&K.
Two near-term measures were highlighted: improving storage near Gulpur to enhance generation in downstream projects like Lower Jhelum and Uri, and a proposed scheme to draw water from the Chenab near Akhnoor to ease Jammu’s water shortages.
Acknowledgment of Central support
In his remarks, the Chief Minister pointedly thanked former Prime Minister Manmohan Singh for initiatives such as establishing two central universities and improving road connectivity. He also acknowledged the Union Finance and Home Ministries for additional assistance.
“If someone has done a good job for Jammu and Kashmir, I would like to thank them,” CM Abdullah said, striking a conciliatory note on Central support amid discussions on fiscal and developmental challenges.
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