Ushering in economic and social development in Jammu and Kashmir

In order to nurture the existing local industries and encourage new investments,the lieutenant governor of Jammu and Kashmir, Manoj Sinha recently announced to set aside an amount of Rs 28,400 crore under industrial development scheme which will ensure the employment to about 450000 people.

The scheme is intended to boost the development at micro level by facilitating the people inhabiting the far flung areas of J&k with adequate skills, resources and infrastructure. Government had marked the 6000 acres of land in J&K at the disposal of new industries, of which 3000 acres have already been acquired.

Addressing a press conference Sinha said, “We aspire to become a growth pillar for India in the current decade by implementing transparent and market oriented policies, investments in developing sustainable infrastructure and creating skilled human capital.”

“The scheme will certainly boost domestic manufacturing in the region and help J&K in becoming atmanirbhar (self-reliant),” he added.

The detailed blueprint of the scheme is yet to be formulated by the administration but the primary focus will be given to synergize existing industry, as per the president of Federation of Chamber of Industries Kashmir.

Cover image by Outlook India