Investments in J&K: DC to be valued: CS J&K


Investments in J&K: CD to be valued: CS J&K

SRINAGAR, OCTOBER 6: Chief Secretary Dr. Arun Kumar Mehta today conducted a detailed review of the Department of Industries and Commerce in addition to providing an update on investments made here at J&K UT.

The meeting was attended by Principal Secretary, Industries & Commerce; Directors of Industries, Jammu/Kashmir; Directors of Handloom & Handicrafts, Jammu/Kashmir; MD SIDCO & SICOP, MD JKTPO and many other concerned officers.

While giving an update on the investment proposals made through the one stop clearance system, the Chief Secretary was informed that out of the investment proposals totaling more than Rs 60,000 Cr, industrial units of a worth around Rs 10000 crore are already under different execution phases here in UT.

In elaborating, it was stated that after the allocation of land in favor of these unit holders, they in turn deposited a sum of Rs 217 Cr in the Treasury as a rental fee.

Dr. Mehta urged the officers to strictly adhere to the one-stop-shop system and deadlines to ensure that the industrial units establish themselves smoothly and create employment opportunities for our youths besides strengthening the economy.

The Secretary General pointed out that the remaining reform points out of 352 recommended by the BARP for industrial development are expected to be implemented later this month.

Dr. Mehta further said that the administration will encourage the good work being done by the deputy commissioners in attracting new investment to their districts. He further stated that all developing countries would be assessed on a few parameters of creating an investment-friendly environment.


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