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| Kichloo asks SIDCO to mobilize investment for economic, employment growth | | Urges to bring uncovered areas under industrialization | |
SRINAGAR: Saying that Industrialization is the most powerful tool for massive economic and employment generation, the Minister of State for Industries and Commerce, Mr. Sajad Ahmad Kichloo today urged for bringing all the hitherto uncovered areas of the State under the ambit of Industries adding that land banks needed to be created in each district for this purpose.
Speaking at a review meeting of Jammu and Kashmir State Industrial Development Corporation Limited (SIDCO) here this afternoon, Mr. Kichloo said there should be no discrimination with any area with regard to exploitation of Industrial potential and investment of funds for setting up of Industrial Estate.
Mr. Kichloo directed the officers of Industries and Commerce department to lay major focus on mobilization of investment for the economic and employment growth of the State through development of Industrial infrastructure.
Commerce/Secretary Industries and Commerce, Mr. Shant Manu, Managing Director, SIDCO, Mr M. Mauzam, Director Industries and Commerce, Mr Meraj-ud-Din Kenoo, Joint Director, Planning, Industries and Commerce, Financial Advisor SIDCO, its Superintending Engineer and other concerned officers were present in the meeting.
Mr. Kichloo called for greater coordination among various agencies related to Industrial promotion so that both small and medium industrial sectors are given a big boost in the State. He also called for judicious use of funds and optimum exploitation of industrial potential in all districts of the State adding that main focus of establishing industrial estates should be the employment generation. He directed that all the industrial enterprises in the State should be asked to furnish details about their manpower requirements so that youth of the State are given due quota for their engagements which is mandatory under the existing industrial policy. He said both centre and State governments are determined to give fresh impetus to the industrial activities in the State, which needs coordinated and determined efforts by the concerned implementing agencies.
The Managing Director, SIDCO Mr. M. Mauzam in a power pint presentation gave a full details about the existing industrial scenario in the State and said that there are eleven industrial estate managed by SIDCO adding that against total available 25,000 kanals of land, 7369 kanals have been allotted to entrepreneurs of Jammu and 4495 kanals among the entrepreneurs in Kashmir Division. He said that about 484 units are in production which have mobilized an investment of Rs. 3421 crore against 50,600 employment generation
He said five industrial estates have been taken up for upgradation of infrastructure under MSME and STF scheme which include Industrial Estates of Bari Brahmana, Gangyal and Samba in Jammu division and Khanmooh and Ragreth in Kashmir. Project Report for Bari Brahmana is about Rs 11 crore and Rs 54 crore for Khanmooh Rs 12 crore for Rangreth and Rs 7.73 cr. for Industrial/Estate Samba.
It was informed that APCC has approved 22 Medium and Large Scale units during the last financial year with an investment of about Rs 947 crore and an employment target of 3300 souls. |
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