The state of Jammu and Kashmir is one of the least developed states of India. It exhibits all the characteristics of an underdeveloped economy, viz. low per capita income, poor quality of life, widespread unemployment, fiscal imbalance and excessive reliance on the Indian Union. The book provides valuable insights into the challenges, opportunities and the strategies necessary to achieve sustainable industrial development of the strategically located state of Jammu and Kashmir of the Indian Union. The policy formulations offered in this book, if implemented, will to go a long way in placing the state on a high growth trajectory.