New Industrial Estates being setup in JK


SRINAGAR: Minister for Industries and Commerce, Mr. Chander Parkash Ganga said that to promote local industry in the State, Industries and Commerce department has established a number of Industrial Estates in the State for setting up of industrial units by intended local entrepreneurs by providing land on lease basis. He further said that a number of areas are also being developed for setting up of Industrial Estates within the State.

The Minister said this while replying to a question by Yasir Reshi in the Legislative Council today. The Minister said that for establishing and promoting local industries in the State various incentives are being given to entrepreneurs including 100% subsidy on purchase of new DG sets, laboratory equipment and reimbursement on preparation of feasibility report besides tax incentives, central package including subsidy on capital investment in plant and machinery to micro, small, medium and large scale units.

The Minister said that under PMEGP unemployed youth are helped for setting up their own ventures. He said the government is working on multi pronged strategy for promotion and uplifting of handicrafts and silk industry in the State with initiatives including Artesian, Credit card Scheme, Development of other Crafts in J&K, Modern carpet looms, enhancement of stipend rate, setting up of IICT/CDI, establishment of International Trade Centre at Pampore, upgrading and setting up of new showrooms outside the State, integrated skill development scheme, marketing support and setting up of four Carpet Production Centers.

The Minister said for promoting sericulture and silk industry in the State, necessary technical and financial support is given to the Kiramkash community of the State for enhancing cocoon production and arranging all facilities to make this occupation profitable for this community.


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