46 new industrial estates planned, 5.9 lakh jobs in offing
Srinagar, Mar 6: Jammu and Kashmir has witnessed a surge in industrial investments. The Union Territory has received 8306 new business proposals amounting to Rs 1.63 lakh crore in the year 2024-25.
An official document, states that the proposed projects are expected to generate employment for 5.90 lakh people.
It also reads, to support this industrial expansion, the government is developing 46 new industrial estates, requiring 79,137 kanals of land. Infrastructure development for these estates is being carried out by PSUs like NBCC, IRCON, and CPWD.
The surge in industrial expansion noted with 1,984 new units coming up since 2019, generating 63,710 jobs and attracting Rs 9,606.46 crore investments.
According to the official document, 334 new industrial units were established in FY 2024-25 alone, with an investment of Rs 2,977 crore, creating 8,443 jobs.
The document also highlights the impact of the New Central Sector Scheme (NCSS) 2021, which has been fully subscribed. With an outlay of Rs 28,400 crore, the scheme has 971 approved applications, securing Rs 10,471 crore in investments and creating 51,897 jobs.
