Jammu and Kashmir Big manufacturers approach Industries Deptt to setup units in Jammu
Srinagar: Prominent business houses and manufacturers have approached the industries department for theestablishment of their manufacturing units especially in Jammu Division following the announcement ofnew industrial policy for J&K.
“Big business houses mostly manufacturers from across the country have approached the IndustriesDepartment to set-up their units in different districts of Jammu Region. However, the notification defining guidelines for the implementation of the new industrial policy is yet to be issued,” said a seniorofficer from the Department.
The officer claimed “They want to establish their manufacturing unit of raw material, medicines,engineering units, service industry; a known company in hospitality wants to establish their units atKatra, and another has approached to establish their unit in Reasi district.”
The officer said that they have reserved land-banks for the establishment of these industrial estates.
“We are happy with the response. The big houses have also shown their interest in the tourism/servicesector. However, the majority wants to establish their manufacturing units,” the officer added.
In Udhampur, over 8500 kanals of land has been transferred to the industries department and the landis in the process of development at Chenani, Ramnagar, Tikkri, Mand, and BattalBallian.
“Only four local as well as outsiders have approached us with investment of not more than Rs 10 croresto establish their units in Samba District.
However, we are waiting for the notification. We haveappraised them about the formalities which can be provided by the industries department and policiesof the Government of India,” an official said.
Similarly, in Kathua district, a senior official said that theyhave not received any major response.
Pertinently, the Lt Governor ManojSinha announced a new Industrial Developmental Scheme (IDS) witha total outlay of Rs 28,400 crore to encourage new investment and industrial development even at blocklevel in J&K.
This scheme will start from the date of notification upto the year 2037.
Recently, the Administrative Council which met under the chairmanship of Lt Governor ManojSinha hasapproved that the land can be leased out to the investors within 30-45 days for a period of 40 years andthis period can be extended upto 99 years under J&K Industrial Land Allotment Policy 2021-30.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
