Srinagar- In a significant move, the Jammu & Kashmir Government will monitor fulfillment of employment and investment commitments made by industrial unit holders who have been allotted land in government industrial units.
To begin with, the government has constituted a three-member committee to propose a monitoring mechanism to regularly check and evaluate the fulfillment of commitments vis-à-vis proposed investment and employment as per detailed project reports(DPRs) submitted by the industrial unit holders allotted land in industrial estates.
The committee comprises Director Industries & Commerce Kashmir, Director Industries & Commerce Jammu and Director SIDCO/SICOP.
The panel has been directed to submit its recommendations to the government within 15 days.
The committee has been constituted at a time when the Jammu & Kashmir government is pushing for massive industrial development to create employment avenues for the youth.
In the past few years, the J & K government received investment proposals worth Rs 90182 crore which have potential to generate employment for 4, 01,965 youth.
Since 2019-20, an investment worth Rs.5319 crore has been made in J&K.
The Union Territory government has launched the Jammu and Kashmir Industrial Policy 2021-30 to attract new investment, create employment opportunities for youth, develop backward regions and expand existing industrial units.
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