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| Dy CM invites big business houses to invest in JK | | |  Early Times Report
Jamm, Aug 29 Deputy Chief Minister Dr Nirmal Singh today described the environment of Jammu and Kashmir most friendly and appropriate for investment and urged the big business houses to establish their units in the state.
Deputy Chief Minister said this after laying the foundation stone of Manufacturing Unit of Blue Star Limited here at Samba.
Blue Star is setting up a modern, state-of-the-art factory at Samba, spanning over 18 acres of land to meet the requirements of its fast growing unitary products business, and keeping in mind the future capacity over the next 10 years. This involves an initial investment of Rs 150 crores in Phase I, with more investments planned in the following phases of development. The Plant will primarily manufacture room air conditioners, deep freezers, water coolers and water purifiers.
Describing the occasion as a historic moment, Dr Singh said that establishment manufacturing unit of India's leading air conditioner and commercial refrigerator manufacturing company in J&K will definitely boost the state's economy and encourage other big business houses to follow the suite. He said investments by big houses in the state would open new job avenues and boost its economy.
Dr Singh congratulated the management of Blue Star Limited for choosing Jammu and Kashmir to invest in the prestigious project. He assured all possible help to the top management of the company in setting up of the plant and for their future investments in the state. He expressed his hope that the company will introduce the best of automation in this new facility, actualizing the country's vision of 'Make in India'. |
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