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Govt clears land allotment to 15 projects worth Rs 1548 Cr in Jammu

Projects worth Rs 20000 cr employing 84000 persons in JK in pipeline: I&C Deptt

Post by on Friday, July 2, 2021

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Srinagar, July 01: In a historic development towards JK’s industrial development, government on Thursday cleared land allotment to 15 mega projects worth Rs 1548 crores having employment potential 5000 in Jammu division. 
In this regard, Principal Secretary to Government, Industries and Commerce Department, Ranjan P Thakur, chaired first High Level Land Allotment Committee, JK meeting today to approve allotment of land for establishing projects having proposed investment from Rs 50 crores to Rs 200 crores under the provisions of J&K Industrial Land Allotment Policy in Srinagar.  
Thakur termed it a historical moment in the industrial development of Jammu and Kashmir. 
He highlighted that the process of land allotment has been streamlined and transparent. The applications are received round the clock on the Single Window Portal www.investjk.in making it an ongoing process. 
Anoo Malhotra, Director Industries and Commerce Jammu (Member Secretary, High Level Land Allotment Committee) presented the cases before the Committee and expressed optimism that the decisions in the meeting usher in a new era of growth, industrialisation and employment generation in J&K besides promoting a culture of entrepreneurship. 
The High Level Land Allotment Committee took up 23 cases for allotment of land in various Industrial Estates of Jammu Division with a projected investment of Rs 2447 crore. 
After deliberations on a case to case basis the committee approved 15 cases of land allotment with a projected investment of Rs 1548 crore having employment potential of 5000. 
The process of land allotment, for the first time adopted a strategy of ranking on the basis of different parameters of the Project Report and presentations. 
The Committee decided to keep eight projects pending on the basis of the huge requirement of power for operation with less employment potential and also due to restriction on setting up of Red category units in Industrial Area Ghatti, Kathua. 
It was informed that proposals with a projected investment of Rs 10000 Cr and employment potential of 34000(Approx.) persons in Jammu and about Rs 10,000 Cr and employment potential of 50000 persons in Kashmir are under the process of being approved.  Therefore, projects worth 20000 Cr employing 84000 persons in JK are in the process of being approved . 
B M Sharma, Member Secretary, J&K PCC, Dr. Tahir Firdous, Additional Secretary, PDD, Ved Prakash, Joint Director, I&C Department, Rattan Dogra Chairman, FoIJ and other officers of Industries & Commerce Department, SIDCO and SICOP attended the meeting. 

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