42 New Industrial Estates Being Established In JK


SRINAGAR: The government has earmarked around 48,301 kanals of land, in view of the establishment of forty two new Industrial Estates that are coming up in the Union Territory of Jammu and Kashmir, media reports said.

As per media reports, 5327 online applications were received on the Single Window Portal for allotment of land to set up industrial units with investment and employment potential of Rs 65,000 crore and 3.12 lakh persons respectively. Of these, 3379 applications have been approved so far with proposed investment of Rs 34,294 crore and employment potential of 1.54 lakh persons.

Daily Excelsior reported that at present 5294 industrial units are functioning in 67 Industrial Estates developed by SIDCO and SICOP on 37,341 kanals land thereby providing employment to 1.09 lakh people.

Additional 48,301 kanals of land has been earmarked for development of 42 new Industrial Estates. Of these, IRCON and NBCC will be developing 19 new Industrial Estates on priority and draft Memorandum of Understanding is being finalized in this regard by the Industries and Commerce Department, Excelsior reported, adding that a private investment of Rs 1539.87 crore has been grounded during the Financial Year 2022-23 (ending January 2023), out of which Rs 949.21 crore is for 552 units which have commenced productions and operations.


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( With inputs from : kashmirlife.net )


TheNewsCaravan News Desk

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