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Huge investments

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After the J&K administration has changed industrial policy, a lot of investments have started coming and the authorities are expecting more.

Recently the Chief Secretary of Jammu and Kashmir took a detailed review of the Industries & Commerce Department besides taking stock of the investments being made here.

He was told by his officers that Rs 10000 Cr worth investment projects are under execution in J&K.

He  was apprised that out of the investment proposals totalling more than Rs 60000 Cr, industrial units worth around Rs 10000 crore are already under different phases of execution here in the UT.

Elaborating it was given out that after allotment of land in favour of these unit holders they had in turn deposited a sum of Rs 217 Cr into the government exchequer as their lease dues.

He impressed upon the officers to strictly adhere to the single window system and timelines to ensure that industrial units get established smoothly and creates employment opportunities for our youth besides strengthening the economy.

He emphasized that the remaining reform points out of 352 recommended by BARP for industrial development should be implemented within this month.

He further said that the administration would incentivize the good work put up by the Deputy Commissioners in attracting new investments in their districts. He further stated that all DCs would be evaluated on few parameters of creating an enabling environment for investments.

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