In a bid to power up the economy of the newly established Union Territory (UT) of Jammu and Kashmir (J&K), the administration is coming up with J&K Information Technology (IT) Policy 2020 offering incentives to the IT companies to operate in the UT in three shifts and to facilitate the working women during the night time with transportation services and security, reports The Hindu.

The administration is banking on the good quality of air and low crime rate in the region to attract the investors. The IT Policy 2020's document highlights that J&K contributes only 0.1 per cent to the total cognisable crimes under the Indian Penal Code (IPC).

To attract the investors and to facilitate their stay in the region, the administration is in the midst of development of two IT parks with an area of five lakh square feet each. The two IT parks are situated in Jammu and Srinagar cities and are armed up with dedicated and uninterrupted broadband connectivity and access to WiFi.

The policy has also invited the private sector partners to become internet service providers and facilitate access to high speed internet connectivity for all the panchayats of the UT.

Apart from the IT policy, in an investor conference held in New Delhi recently, the administration of the UT of J&K had highlighted investment opportunities in 14 different sectors.