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EconomyRs 10000 Cr investment projects under execution in J&K, CS briefed

Rs 10000 Cr investment projects under execution in J&K, CS briefed

Date:

Tawi, Oct 6: Chief Secretary, Dr Arun Kumar Mehta today took a
detailed review of the Industries & Commerce Department besides
taking stock of the investments being made here in the UT of J&K.
The meeting was attended by Principal Secretary, Industries &
Commerce; Directors of Industries, Jammu/Kashmir; Directors of
Handloom & Handicrafts, Jammu/Kashmir; MD SIDCO & SICOP, MD
JKTPO and many other concerned officers.
While taking stock of the investment proposals made through the
single window clearance system the Chief Secretary was apprised that
out of the investment proposals totalling more than Rs 60000 Cr,
industrial units worth around Rs 10000 crore are already under different
phases of execution here in the UT.
Elaborating it was given out that after allotment of land in favour of
these unit holders they had in turn deposited a sum of Rs 217 Cr into the
government exchequer as their lease dues.
Dr Mehta impressed upon the officers to strictly adhere to the
single window system and timelines to ensure that industrial units get
established smoothly and creates employment opportunities for our
youth besides strengthening the .
The Chief Secretary emphasized that the remaining reform points
out of 352 recommended by BARP for industrial development should be
implemented within this month.
Dr Mehta further said that the administration would incentivize the
good work put up by the Deputy Commissioners in attracting new
investments in their districts. He further stated that all DCs would be
evaluated on a few parameters of creating an enabling environment for
investments.

The Chief Secretary also emphasized on making the Kashmir Haat
and Jammu Haat vibrant trade centres. He asked the concerned
Directors to take measures to turn them into business hubs round the
year. He also stated that Rural Haats should be established at
Panchayat level with up scaling at block and District level.
The meeting was informed that more than 3300 applications have
been approved by HLLAC with of Intent (LoI) issued in favour of
1879 applicants and lease deeds executed by 260 applicants. It was
also made out that in 111 industrial estates 9869 Kanals of land has so
far been allotted to the prospective unit holders.
Regarding new estates it was said that 37 DPRs had been
prepared by SIDCO and SICOP worth more than Rs 2200 crore besides
receiving applications for 2 private estates also. The meeting also
discussed the dozens of proposals received by the department for
establishing care projects in the two medi-cities of J&K.
The meeting also deliberated upon the progress made on
investments made by foreign companies in the UT. It had detailed
discussion on various proposals made by these companies after signing
of MoU with the UT administration. These include Dubai based
businesses like EMAAR Group, Noon.com, Al Maya Group, GL
Employment, MATU Investments and others.

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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