J&K
BUSINESS

J&K government clears ₹2500 crores investment projects

The Jammu and Kashmir (J&K) government said on Tuesday (07/02/2017) that it had cleared ₹2500 crores worth investment projects meant for the state of Jammu and Kashmir. It is also planning to provide skill training to 45,000 youth in the state to enhance their skills. This announcement was made during the 6th Industrial Advisory Council meeting held by J&K Chief Minister, Mehbooba Mufti. She said that her government had taken a lot of steps in the last two years to make the local industry self – reliant and competitive. She added that the J&K Trade Promotion Organization had observed and implemented the pattern of India Trade Promotion Organization to boost trade and commerce in the State and provide a business friendly environment to industrialists in the State. Read more on Kashmir

Mehbooba Mufti hoped that the industrialists in J&K would take advantage of all the incentives provided to them and contribute to the social and economic growth of the state. She said that until 2016, investments amounting to only ₹250 crores were made in the state. But in 2016 alone, investment projects worth ₹2500 crores were cleared for the state. Mufti also informed that ₹10 crores was set aside to upgrade the two trade facilitation centers, Salemabad and Chakkan da Bagh, where the trade valuation had reached ₹900 crores and ₹450 crores respectively.

Mehbooba Mufti requested the industrialists in the state to employ as many youth in the state as possible to solve the problem of unemployment in the state. She said that the Industrial Policy of the state has already been formulated and that the Trade Policy is expected to be formulated very soon.

Minister for Finance, Dr. Haseeb A. Drabu; Minister for Industries and Commerce, Chander Prakash Ganga; Minister of State for Industries & Commerce, Syed Farooq Andrabi were present in the meeting along with Financial Commissioner, Agriculture, Pramod Jain; Financial Commissioner, Planning & Development & Principal Secretary to Chief Minister, B. B. Vyas; Principal Secretary, Home, R. K. Goyal; Commissioner-Secretary, PDD, Dheeraj Gupta; Commissioner-Secretary, Industries, Shailendra Kumar; Commissioner-Secretary, Finance, Navin Kumar Choudhary; Commissioner-Secretary, Forests, Muhammad Afzal Bhat; Commissioner-Secretary, Revenue, Mohammad Ashraf Mir and other senior officers.

Jammu and Kashmir (J&K) has always been one of the most troubled and backward states in India. It is heartening to see that the state has cleared investment projects worth ₹2500 crores in the year 2016 alone, when the total investments before that year, amounted to only ₹250 crores (1/10th as much)! Hopefully the industrialists in J&K take advantage of the incentives given to them and employ many youths in the state. Thereby, solving the unemployment problem in the state and contributing to the social and economic growth of the state. Hope this year turns out to be a revolutionary year for J&K and the state witnesses social and economic growth and less of violence. Read more on Startup News

Want to be a guest author? Register Here to share your business knowledge with our readers.

J&K government clears ₹2500 crores investment projects
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

INDIAN CEO provides latest business news about Indian CEOs, startups, business, funding, founders, new ideas, technology, apps, gadgets

Stay tuned to get latest updates on startup business in India and listen right from heart of Indian CEOs.

Partner

AWS Activate Partner

Subscribe for Insider Updates

Get Stories delivered to your Inbox

Copyright © 2015 INDIAN CEO. A Indian business news magazine

To Top