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| New industrial policy to suit JK economy: Govt | | | Ishtiyaq Ahmad
Early Times Report
Srinagar, May 11: Countering the reports that new Industrial Policy approved by Governor NN Vohra is a direct interference in the constitutional rights of the state, the state government Wednesdaymade it clear that the provisions in the industrial policy 2016 for private investment in the industry sector is not new .
Commissioner Secretary Industries and Commerce Shailendra Kumar told Early Times that the government is following the state industrial policy and the provisions in the industrial policy 2016 has already been there.
He said, "In 1963 the state government provided land on lease to The Birla Group to establish Chenab Textile Mills Kathua. This unit is one of the single largest employers and investors in the state at present,"
He said that industrial Policy of 1998 and 2004 has the same provisions for private investment. "In fact every crore Rs investment provides direct employment to 7 to 10 persons on an average. Over the years this policy has been repeated with view to attract investment from local as well non-local investor so as to create employment avenues for our skilled and educated unemployed youth," he added.
The commissioner secretary maintained that the new industrial policy has been aimed at to bring about the overall up-gradation in the economic condition of the state. "The policy would also largely generate the employment for the skilled, unskilled and educated youth. The industrial policy has been framed after taking on board the stake holders of the state," he said.
He added that the government is also in the process of creation of the new industrial estates across the Jammu and Kashmir state and the job has been put on fast track. "This would benefit the local prospective entrepreneur".
He added that this provision is tune with the J&K Land Grants Act and rules and the policy provisions of 2016 have been vetted by the Law Department," he said.
It is to mention here that the independent MLA engineer Rasheed issued a statement on Wednesday in which he said that industrial policy framed by Governor is simply a step to erode the autonomy of the state and ensure back door entry of non-state subjects into the state. "Governor should have left the policy to the civil government but in a suspicious way he formulated it to serve the interests of New Delhi. Government has been leaving no stone unturned to demoralize the local investors so as to get an excuse to ensure infiltration of non-state subjects in the industrial sector and thus make special status of the state of no value." The statement further added that granting land on 90 years lease to non-state subjects is sure to implement the ill designs of New Delhi in J&K," the statement reads. |
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