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| Amid controversy over New Industrial Policy JK witnesses 'least manufacturing' growth in India | | | Saqib Junaid
Early Times Report
SRINAGAR, June 24: While the new industrial policy has triggered a major controversy in the state, under developed Jammu and Kashmir has witnessed least manufacturing growth for the last few years.
According to a survey conducted by the Progress Harmony Development (PHD) Chamber of Commerce and Industry on the progress of 'Make in India' scheme, has revealed that Jammu and Kashmir has hardly seen any manufacturing growth in the last few years year. "There has been very less development in all sectors when it compared with other states of the country," it says.
"Few of the states which have experienced low growth in the manufacturing sector include Jammu and Kashmir with 5.3 percent, Bihar (5.8) Madhya Pradesh (4.5%) and Chandigarh (0.3)," the survey points out.
It also identifies various bottlenecks that hinder the industrial (manufacturing) growth in the states with minimum results.
Make in India, the ambitious programme of the new government, covering 25 sectors was launched on September 25, 2014. It primarily aimed to take the manufacturing growth to 10% on a sustainable basis while eliminating the unnecessary laws and regulations, making bureaucratic processes easier and making government more transparent, responsive and accountable.
"Though various initiatives have been taken by the government under 'Make in India' campaign, there are a few factors impeding ease of doing business in the state including administrative lapses, delay in land acquisition, municipal permission, involvement of multiple agencies, and requirement of various approvals across different stages of the project cycle. Further operational issues dragging down the implementation of the projects, movement of projects through multiple departments at the state and central levels are the other major problems faced by the businesses," it adds.
The survey also held the lack of adequate power supply as main reason for the manufacture loss in these states.
"The respondents feel that power shortages adversely impact their production and thus have emerged as the major problem faced by industry," it said.
Meanwhile an official data in possession of Early Times reveals that industrial sector in JK has not shown any notable growth and has remained stagnant for nearly a decade.
It says that the share of industry in the state during the last eight years has decreased by four percent.
"During the period 2007-08 to 2014-15, the share of the industry has decelerated by about 4 percent. The industrial growth in the state is very slow compared to the rest of the India," an official document says.
As per the data, the share of Industry to Gross State Domestic Product (GSDP) is presently stagnant at 25-29 percent. "Studying the trend for last 10 years it revolves between 29 percent highest in 2007-08 and around 24 percent in 2011-12," the document adds.
The survey report says the growth of manufacturing sector in J&K was around 5.3 percent in year 2014-15. While as states including Uttrakhand, Himachal Pradesh and Tamil Nadu have reported a considerable growth of 15 percent, 14.5 and 7.1 respectively within the same period.
While aiming to attract over Rs 2,000 crore investments every year from the outside business groups, the PDP-BJP government has also modified the New Industrial Policy 2016 after facing strong opposition from several quarters.
According to the policy, non-state subjects were allowed to acquire land for industries and IT parks for a lease of 90 years with the approval of the state government through District Magistrate.
The Industrial policy 2016 was dubbed by separatist leaders and mainstream political parties as a conspiracy to change the demography of Jammu and Kashmir. |
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