Centre extends Rs.296 Cr Industrial Package for JK: Kichloo

Srinagar – In a significant move to give boost to Industrialization in the geographically dis-advantageous State J&K, the Centre has extended Rs.296 Cr work Industrial Package for the State. The package will be applicable with effect from 14th June, 2013. The earlier package had exhausted in June last year.

This was stated by the Minister of State for Industries and Commerce, Sajad Ahmad Kichloo while talking to some media persons here today.

While thanking the Centre especially Prime Minister Mr. Manmohan Singh, UPA Chairperson Mrs. Sonia Gandhi and Union Finance Minister P. Chidambaram, for conceding the demand of the State regarding extension of the Industrial package, Kichloo said Chief Minister Omar Abdullah and myself made several rounds of talks with the Central authorities to motivate them for extension of the Industrial package, which was approved after hectic efforts and finally a notification in the regard was issued yesterday evening.

Kichloo said the two key features of the new Industrial package are inclusion of all the thrust areas recommended by the State Government in the package and it will be applicable to all the new up-coming Industrial Estates in the State. He said Central Capital Investment Subsidy Scheme, Central interest subsidy, Central Comprehensive Insurance Scheme and Transport Subsidy Scheme have been approved by the Union Finance Ministry under the new package. He said the State Government has recommended the names of twenty new Industrial Estates which are being established during the current financial year. Out of these twenty Industrial Estates, which will be brought under the ambit of Industrial package, eight are coming-up in Jammu region and 12 in Kashmir Valley, Kichloo added.(KNS)

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