Kashmir : Indian billionaire entrepreneur Dr.BR Shetty has announced plans to open a film city in Jammu and Kashmir to boost his home country’s film industry.

“[Jammu and Kashmir] is a very scenic place and I’m going to have a film city there so that people can come and shoot films there, and for tourism,” BR Shetty, the founder of NMC Healthcare and financial technology start-up Finablr, told Arabian Business.

Mr Shetty, a long-term resident of Abu Dhabi, said he had already received land offers from Jammu, Kashmir and Ladakh for the same and added that the film city will cover 12 square kilometres.

Top businessmen, including Mr Shetty, pledged to invest in India during Indian Prime Minister Narendra Modi UAE visit last month.
Mr Shetty pledged $1 billion to Jammu and Kashmir and an additional $5 million to the New India Development Fund to the PM in the meet.

The announcement came weeks after the Indian government revoked Article 370 of the constitution that granted special status to Jammu and Kashmir. It made it possible for non-permanent residents to purchase property in Jammu and Kashmir.