Jammu and Kashmir Lieutenant Governor Manoj Sinha on Thursday announced a ₹28,400-crore “Industrial Development Package-2021”, aimed at creating 4.5 lakh jobs and attracting ₹20,000 crore investments in the Union Territory (UT).
“The Union Cabinet has sanctioned the huge package for J&K’s industrial sector. It aims at providing a huge boost to the existing industrial sector, setting up new units, creating 4.5 lakh jobs and at least ₹20,000 crore investments. The package will remain in force for 17 years, till 2037,” Mr. Sinha said.
He described the package as a big relief to the existing industrialists and those associated with the tourism and IT sectors. The move once again showed that the Centre was committed to sowing the seeds of growth, prosperity and employment, he claimed.
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“This is a historic industrial package. It will pave the way for outside investments as well. It will give J&K’s economy a new boost and lead J&K UT towards growth and sustainable development,” he stated.
The scheme would encourage new investment, substantial expansion and also nurture the existing industries. “It will be ensured that entrepreneurs from within J&K and outside find a smooth and progressive ecosystem for their business plans. With our transparent policies, investments in developing infrastructure, market-oriented policy environment and skilled human capital, we aspire to become a growth pillar for India in the current decade,” he asserted.
On the December 30 Srinagar encounter, where the parents have disputed the police version of killing three “militants”, Mr. Sinha said he had noted all versions, including that of forces’ and the families. “J&K is a very sensitive UT. I will come up with facts before you at an appropriate time.”
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4G issue
On the 4G ban in 18 districts in J&K, he said there would be good news in the coming days.“There is a committee examining the issue. Hopefully, there will be good news soon.”
Only two districts have 4G service at present. It is barred in 18 other districts since the Centre ended J&K’s special status on August 5, 2019.