New industrial policy
New industrial policy in Jammu and Kashmir has developed a fence of ease among the business people to set up their own units.
Central government in the latest budget has kept huge money for the development of industrial estates, promotion of Ease of Doing Business, export hubs creation to get focus in J&K.
The new policy framework to support private investment, Samadhaan 2.0 to be implemented here.
This year’s budget elaborates that the Jammu and Kashmir government has identified 29 projects for development of new Industrial Estates during 2023-24.
The investment proposals for setting up of Medicities in Jammu and Srinagar had been received for creation of health infrastructure in the private sector. In this regard, Medicities at Sempora, Srinagar and Meeran Sahib, Jammu are being established to provide better healthcare facilities to the ailing.
The main aim of “One District One Product” is to promote local products for export. In this regard, Jammu and Srinagar districts have been selected among the 75 districts across India for export of local products.
1500 units under Jammu and Kashmir Rural Employment Generation Programme (REGP) are being targeted to be established in 2023-24 involving a margin money of Rs 30 crore with employment to 9000 persons.