Govt Creates 25000 Kanal Land Bank For Investment

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Jammu: The Jammu and Kashmir government has transferred 25000 kanal of state land to the industries and commerce department to give a boost to economic activities in the Union Territory.

According to an official spokesperson, 17000 kanal of state land has been transferred to industries & commerce department in Jammu division whereas 8000 in Kashmir. This land bank, he said, consists of non- forest, non- agricultural primarily barren state land parcels.

“It has been identified by revenue authorities in consultation with the industry department and shall be put to use for development of Industrial Estates over next few years,” the official spokesperson said.

He further said that the creation of land bank and developing new industrial estates was an ongoing process since 1960`s when the first industrial estate was established at Digiana in Jammu.

“Subsequently in early 2000 and thereafter after a gap of 8-10 years, this exercise is carried out for expansion/ extension of industrial estates to accommodate new entrepreneurs with an objective of generating employment opportunities,” the official spokesperson said.

He said that with the announcement of industrial friendly packages by the government of India, the region witnessed a spur in industrial activity across J&K which resulted in creation and expansion of new Industrial Estates at Samba, Udhampur, Rangreth, Khunmoh and Lassipora etc.

“Prior to 2018, the Department of Industries & Commerce has already established 49 Industrial Estates across J&K with total area of 31448 Kanals. This new land bank of approximately 25,000 kanals shall add to these existing industrial estates,” the official spokesperson said.

He further added that the land in the industrial estates is allotted on lease basis to the units through a proper process laid down in the industrial policy to carry out the activity.

“Out of the new land bank, no land patch has yet been allotted to any entrepreneur as the same is yet to be developed which shall take some time,” the official spokesperson said.

During the last two of years, he said only 453 units have been set up on government land in the Union Territory.

“These units have been allotted a total of 1371 Kanals of land on lease basis in the industrial areas across J&K after following procedure and guidelines as prescribed in the Industrial Policy,” the official spokesperson said.

“The department of industries and commerce is working on creation of employment opportunities in private sector by encouraging such industrial investments in manufacturing and services sector and working towards creation of a conducive business eco-system,” he added.

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