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FOIJ demands timely completion of industrial languishing projects 1/1/2021 11:23:32 PM Early Times Report JAMMU, Jan 1: On behalf of Federation of Industries Jammu, Lalit Mahajan Chairman FOIJ and presidents of the Industrial Associations of Jammu Province conveyed heartiest thanks to Manoj Sinha, Lt. Governor, for the grant of sanction to create New Industrial Estates in Union Territory of J&K Mahajan while welcoming the decision of Jammu and Kashmir administration for identification of over 57,000 acres of land for setting up New Industrial Estates for Prospective Entrepreneurs, out of which 15,000 acres of land have been identified in Kashmir valley, 42,500 acres of land have been identified in Jammu region for development of more industrial estates which will go a long way in boosting the Industrial scenario in J&K. He said that it will also generate Employment opportunities and Contribute to the local economy, for which Industrial Policy 2020 is already under the active consideration of Govt. of India and it is the need of the hour to provide State/Central Govt. Fiscal Incentives to Existing Units, Units under Substantial Expansion & New Units keeping in mind the factors like Locational Disadvantages Shallow Market avenues within the State due to hostile neighbouring countries like China and Pakistan. It is pertinent to mention here that it is unjustified on the part of JKIDFC to drop the 21 Projects of Industries & Commerce Departments from the funding of JKIDFC which will put an adverse effect of the completion of the projects which were planned keeping in mind the growth of Industrial Sector of J&K. "We request Lt. Governor and Manoj Kumar Dwivedi, Commissioner/Secretary, Industries & Commerce Department to kindly intervene into the matter to ensure that JKIDFC should provide requisite funds for the up-gradation of existing Industrial Estates & development of New Industrial Estates in time bound manner to provide land to the Prospective Entrepreneurs", he said.   Share This News with Your Friends on Social Network     Comment on this Story

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