STATE TIMES NEWS
JAMMU: The Associated Chamber of Commerce and Industry of India (ASSOCHAM) on Tuesday said that the ‘New Central Sector Scheme’ has started a new era of industrial revolution in Jammu and Kashmir.
Union Home Minister Amit Shah on Tuesday launched a portal for ‘New Central Sector Scheme 2021’ in Jammu & Kashmir from New Delhi along with Piyush Goel, Union ministers Piyush Goyal and Dr. Jitendra Singh.
“Launch of this scheme has started a new era of industrial revolution in Jammu and Kashmir. As informed by Home Minister 50K crores investment is likely to come in J&K, which will boost the economic growth of the UT,” said Manik Batra, Chairman, ASSOCHAM J&K Council.
Jammu and Kashmir has received proposals for 25,000 crores and the government is expecting to get 50,000 crores investment and 10 Lakh new jobs under this scheme.
“The scheme not only promotes new investment but also has taken care of the existing industries who are looking to upgrade. In the past we have seen most of the industrial concentration was restricted to certain areas but with this new policy an overall industrial development of J&K would take place. A lot of employment will be created in J&K in the years to come and existing trades and businesses would also grow,” Batra said.
Dr. M A Alim, Co-Chairman ASSOCHAM J&K Council said, “The investment in Jammu and Kashmir will bring more employment opportunities for the youth of J&K. We are thankful to the Union government for extending such a wonderful scheme, which will not only benefit new investors, but will also support the existing units of J&K and help create employment of more than the projected figures.”
Union Home minister informed that the government is working of ease of doing business in Jammu and Kashmir and J&K has cheapest power tariff, 100 percent exemption on stamp duties, 300 percent GST subsidy and 55 single window services which are attracting investment in J&K.