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JammuGovt amends industrial development policy to offer incentives to industrial clusters

Govt amends industrial development policy to offer incentives to industrial clusters

Date:

Allocates 272 acres of land for New Industrial Estate in Kathua

Tawi, Jan 19: The Jammu and administration has amended its industrial development policy to ensure a slew of benefits to private enterprises willing to set up new industrial clusters in the Union Territory.

As per the revised policy, private developers and upcoming industrial clusters will get benefits such as up to 100 per cent reimbursement of stamp duty on land purchases, change of land use charges, and registration charges.

The amendments in the Jammu and Kashmir Private Industrial Estate Development Policy (PIEDP), 2021-30 were approved by the Administrative Council (AC) chaired by Lieutenant Governor Manoj Sinha on Thursday, an official spokesperson said.

The meeting was also attended by key officials including Advisor Rajeev Rai Bhatnagar and Chief Secretary Atal Dulloo.

This initiative seeks to ensure a fair playing field for private developers and prospective unit holders within these estates, offering comparable incentives at par with those operating from government-owned industrial estates, the spokesperson said.

The government aims to develop approximately 2,000 kanals (250 acres) of land through private industrial estates.

The policy outlines timelines for document issuance by revenue authorities and procedural guidelines for reimbursement of incentives, the spokesperson said.

In cases where the government land is involved in private industrial estates, land allotment will adhere to terms and conditions specified in the J&K Industrial Land Allotment Policy 2021-30, the spokesperson added.

Meanwhile, the Jammu and Kashmir Government has transferred 272 acres of land to the industries department for setting up a new industrial estate in Kathua district.

The move is aimed at pushing development of the area, creating industrial units and adding employment opportunities in the region.

The Administrative Council (AC) in a meeting chaired by Lieutenant Governor Manoj Sinha on Thursday approved the transfer of state land measuring 2,183 kanal and 14 Marla (272 acres) situated at Gandyal, Majra, Bhagthali and Taraf Manjli villages of Kathua in favour of the Industries and Commerce department for establishment of industrial estate there, an official spokesman said.

Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor, and Atal Dulloo, Chief Secretary, also attended the meeting.

Since 2019, the administration has transferred over 3,875 acres (31,000 kanals) of land in several parts of the Union Territory to the department of industries and commerce.

A new industrial estate in Kathua shall play an important role in the development of the area, create various employment opportunities, which shall be in the interest of the public and the government, the spokesperson said.

 

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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