‘9869 Kanal Land Has So Far Been Allotted To Prospective Unit Holders’

Srinagar- The Jammu and Kashmir administration said on Thursday that the Union Territory has received investment proposals totaling over Rs 60000 crore, out of which industrial units worth around Rs 10000 crore are already under different phases of execution here in the Union Territory.

The officers of Industries & Commerce Department shared these details with
Chief Secretary, Dr Arun Kumar Mehta on Thursday during a review meeting, an official spokesperson said. Mehta, he said, also took stock of the investments being made here in the Union Territory.

“While taking stock of the investment proposals made through 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,” the spokesperson said.

Elaborating further, he said, 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.

According to the spokesperson, 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 economy.

He further said that 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 few parameters of creating enabling environment for investments,” he said

The spokesperson further said that the Chief Secretary also emphasized on making the Kashmir Haat and Jammu Haat vibrant trade centres.

Mehta, he said, asked the concerned Directors to take measures to turn them into business hubs round the year.

According to the spokesperson, the meeting was informed that more than 3300 applications has been approved by HLLAC with Letter of Intent (LoI) issued in favour of 1879 applicants and lease deeds executed by 260 applicants. He said that 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 health care projects in the two medi-cities of J&K,” he said.

The spokesperson said that 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 includes Dubai based businesses like EMAAR Group, Noon.com, Al Maya Group, GL Employment, MATU Investments and others,” he added.


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