Investment, Job Commitments: J&K Govt To Monitor Industrial Estates

6/14/2024 7:14:24 PM

(MENAFN- Kashmir Observer) Srinagar- In a significant move, the Jammu & Kashmir government will monitor fulfillment of employment and investment commitments made by industrial unit holders who have been allotted land in government industrial units.

To begin with, the government has constituted a three-member committee to propose a monitoring mechanism to regularly check and evaluate the fulfillment of commitments vis-à-vis proposed investment and employment as per detailed project reports(DPRs) submitted by the industrial unit holders allotted land in industrial estates.

The committee comprises Director Industries & Commerce Kashmir, Director Industries & Commerce Jammu and Director SIDCO/SICOP.

The panel has been directed to submit its recommendations to the government within 15 days.

The committee has been constituted at a time when the Jammu & Kashmir government is pushing for massive industrial development to create employment avenues for the youth.

Read Also Major Administrative Reshuffle Expected In J&K J&K Govt Begins Eviction Of Politicians from Govt Quarters

In the past few years, the J & K government received investment proposals worth Rs 90182 crore which have potential to generate employment for 4, 01,965 youth.

Since 2019-20, an investment worth Rs.5319 crore has been made in J&K.

The Union Territory government has launched the Jammu and Kashmir Industrial Policy 2021-30 to attract new investment, create employment opportunities for youth, develop backward regions and expand existing industrial units .

Follow this link to join our WhatsApp group : Join Now

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW

MONTHLY	Rs 100

YEARLY	Rs 1000

LIFETIME	Rs 10000

CLICK FOR DETAILS

MENAFN14062024000215011059ID1108333990

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.