Mufti Mohammad Sayeed to meet PM soon, seal Rs 92,000-cr package for J&K

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Jammu & Kashmir Chief Minister Mufti Mohammad Sayeed is likely to meet Prime Minister Narendra Modi next week for the first time in New Delhi since he took charge this March to finalise the contours of a long-pending financial package for his state. The PDP and the BJP formed the J&K government with Mufti being sworn in on March 1. Sources said a Rs 92,000-crore package has been finalised for the state. “The Prime Minister is likely to visit Srinagar later this month and announce it amidst much fanfare. Much of the package will be earmarked for infrastructure development with some funds for flood relief. “But it is not a relief and rehabilitation package. The idea is to generate revenues or income by creating durable assets from infrastructure investment,” the source added.

The BJP-PDP alliance has weathered many a storm in the last seven months. Two days ago, in an interview to The Indian Express, Mufti said: “I think there is no alternative to Modi today at the national level. Many people may not like it, but this is my view. I feel he is here to stay for the next 10 years.”

Sources said Modi had made Finance Minister Arun Jaitley the point person for any interaction with the J&K government. State finance minister Haseeb Drabu made detailed presentations to the Union Finance Ministry and also the Niti Aayog about the need for a special package.

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