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| Power Pangs: What to say of new investment in J&K | | Govt fails to provide power to existing units | | Early Times Report
Jammu, Apr 29: Notwithstanding tall claims of the J&K administration to provide round-the-clock power to the industry, Power Development Department is forced to cut power supply in the existing industrial areas during the evening hours.
The existing industrial units are forced to stop working during evening hours due to the non-availability of power.
According to a notice issued by the Chief Engineer Jammu Power Distribution Corporation Limited, power supply to the industrial areas of Jammu, Samba, Kathua, and Udhampur districts will be remained snapped during evening hours from 9 pm to 6 am from April 26 to 29.
Highly placed sources in the Power Development Department said that this shutdown is likely to be extended for one more week because the Union Territory is facing an acute shortage of power.
The decision of the Power Development Department (PDD) to impose the power curtailment in Industrial Estates will not only discourse the new investors from outside but also cause huge production losses to the industrialists in the coming months.
The J&K Government has promised 24-hour power supply to the Industry which has already suffered a major setback during last more than two years due to COVID lockdowns.
While announcing the new industrial policy in February this year many incentives including 24 hours power supply were announced.
“Combined with the incentives offered under “New Central Scheme for Industrial Development of Jammu and Kashmir” notified by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, in 2021, the industrial ecosystem in J&K is set to witness a paradigm shift”, the government claimed.
The government claimed that the new policy is different from the industrial policies that were in operation prior to this policy. The dispensations of the erstwhile J-K state had adopted industrial policies from time to time (i.e. 1995, 1998 & 2004) the latest being Industrial Policy, 2016.
To support the old industrial policies, the Indian government sanctioned packages of incentives for the industrial development of the erstwhile state at different intervals namely Central Capital Investment Scheme, 2002, 2012; Scheme of Budgetary Support under the Goods and Services Tax regime, and JKIDS 2018 but the industrial sector in Kashmir failed to compete with other parts of the country. |
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