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| J&K may have industrial promotion board | | |
Early Times Report
Jammu, Feb 28: The Jammu and Kashmir Government plans to set up an Industrial Development Board on the pattern of Gujarat in order to promote industrial activity in the state. The plan is being given the last touch, official sources said today. They said that the Board, if constituted, would frame the future industrial policy which could attract industrialists from outside the state to set up mini and medium units in Jammu and Kashmir.
The need for restructuring the industrial policy has risen after a snap survey has revealed that the number of sick units continue to increase in the state. One estimate says that out of the total registered units about 80 per cent were sick in the Kashmir valley and 30 per cent in the Jammu region. The proposed Board would examine the reasons for increased sickness in the industrial sector and recommend measures for tackling the problem. The Board will recommend whether financial and technical assistance were required to remove sickness or some of the units were beyond cure and needed to be closed for good.
Known financial and industrial experts may be taken as members of the proposed Board. One set of opinion in the Government favours that the proposed Board may be headed by M.Y.Khan, a former Chairman Jammu and Kashmir Bank. Khan who is widely traveled bureaucrat is aware of the industrial problem in Jammu and Kashmir because for a number of years he had headed the SIDCO.It was during his tenure that a large number of industrial units had been set up in the state. Not only this he has been the author of industrial estates in various parts of Jammu and Kashmir. Since Khan has close relations with men who matter in the centre he could be instrumental in getting some private and public sector units to Jammu and Kashmir.
The Government is keen to review the market potential of the goods produced in the state in order to have a steady market support for the goods which alone is a guarantee for better returns. And the task of reviewing the market scenario too would be examined by the proposed Board.
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