17 industrial units are defunct across J&K: Minister

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Jammu and Kashmir Minister for Industries Chander Prakash Ganga today said that as many as 17 industrial units are defunct in the state. ”The government is planning to revive the sick units, which can be revived but there are 17 industrial units, which are totally defunct and cannot be restarted, the Ministertold UNI outside the Legislative Assembly. Mr Ganga said, new Industrial Policy is in the offing and will be introduced in the coming three months,”adding, that the existing policy will lapse on March 31, but has been extended by three months and new policy will be introduced, thereafter.” He further said the facilities and the schemes for the industries introduced during then Prime Minister Atal Bihari Vajpayees government at the Centre, which were withdrawn by the UPA government, will be revived. ”New industrial policy is being framed, keeping in mind the interest of traders and business fraternity,” the Minister said. He added that industrial growth is a must to boost the economy of the state.UNI VBH RJ AE RK1525

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