153rd Board meeting of JKI held

SrinagarThe Jammu & Kashmir Industries Limited (JKI) has six new projects worth 65 crore rupees lined up for commissioning.

This was stated at the 153rd Board of Directors meeting of the Corporation held at Civil Secretariat on Thursday under the chairmanship of Minister for Industries and Commerce Chander Prakash Ganga.

Minister of State for Industries & Commerce, Syed Farooq Ahmad Andrabi, was also present in the meeting.

JKI informed the Board that while upgradation of the Government Joinery Mills Pampore is complete and the unit is all set for formal inauguration, the upgradation of the Government Silk Factory Raj Bagh (at an estimated cost of 23.54 crore rupees) and the Government Woolen Mills Bemina (at an estimated cost of 11.74 crore rupees) have been approved for funding by the World Bank under the Jehlum Tawi Flood Recovery Project. It was informed that tenders for execution of civil works are being finalized and that foundation stone of the Raj Bagh Silk Factory will be laid soon.

The Board also accorded sanction for re-commissioning of two filature units, one in Srinagar and another in Jammu, for ensuring availability of adequate quantities of the local silk yarn. It also approved upgradation of the Government Joinery Mills Jammu together with construction of state of the art showroom.

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The meeting also discussed the proposed marketing and trading plans for these units envisaging their sustainable achievement of working results.

The Board also discussed upgradation of the Government Joinery Mills Bari Bramhana, including construction of new machine hall, state of the art showroom and modern machinery, at an estimated cost of 8.50 crore rupees. The Corporation was asked to ensure completion of the project within the next six months as directed by Chief Minister Mehbooba Mufti while laying the foundation of the unit last month.

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