Around 600 Units With An Investment Of Rs 850 Cr Came Under Production In J&K This Year: Arun Mehta

Srinagar, October 25: Chief Secretary, Dr Arun Kumar Mehta today reviewed the progress for establishment of industrial units here in the UT under New Industrial Policy (NIP) 2021-30.

The meeting was attended by Principal Secretary, Industries & Commerce; Directors of Industries, Jammu/Kashmir; MD SIDCO & SICOP and many other concerned officers in person or through virtual mode.

Dr Mehta impressed upon the officers to ensure that each of the prospective unit holder is facilitated to establish their units in a hassle-free manner. He asked them to have interdepartmental coordination for better performance under single window system created by the government.

The Chief Secretary upheld that the youth are the direct beneficiaries of the policy as the industrialization is proportional to employment generation.

He emphasised on the fact that the applicants who do not come forth for execution of lease deeds should be put to notice for cancelation of their allotments.

He asked them to give these to other applicants who are waiting for the allotment for establishing their units.

The Chief Secretary was informed that during the year 2022-23, 197 units with an investment of Rs 542 cr and employment to 2202 persons have come under production in Jammu Division. In Kashmir Division some 401 units have come under production with an investment of around Rs 300 cr and employment generation for 4120.

It was given out that 70 units in Jammu have initiated work on ground with a projected investment of Rs 1454 cr. Similarly in Kashmir Division38 units with a projected investment of Rs 952 cr have initiated work on ground. Besides it was added that the total employment potential of all applications is nearly 2.8 lakh persons.




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