Srinagar, March 9 -- The Inland Waterways Authority of India (IWAI) will invest Rs 100 crore in three national waterways in Jammu and Kashmir, aiming to boost inland water transport and connectivity in the Union territory, the Ministry of Ports, Shipping and Waterways said in a statement.

The Inland Waterways Authority of India (IWAI) is the country's nodal agency for developing national waterways.

An MoU was signed between the IWAI and the Government of Jammu and Kashmir to boost river cruise tourism.

The proposed Rs 100 crore investment will be used to develop infrastructure for smooth transportation on the Rivers Chenab (NW-26), Jhelum (NW-49), and Ravi (NW-84).

"This initiative seeks to enhance tourism, create jobs, and drive econ...