Will extend all central, state sops to investors: J&K

Jammu & Kashmir government will extend all the incentives available under central and state industrial policies to encourage investors to set up shop in the state, State Minister for Commerce and Industries S S Slathia said.

Srinagar: The Jammu & Kashmir government
will extend all the incentives available under central and
state industrial policies to encourage investors to set up
shop in the state, State Minister for Commerce and Industries
S S Slathia said.

"The government is endeavoring to provide all the
incentives available under central and state industry policies
to outside investors for setting up their units in the state,"
Minister for Industries and Commerce S S Slathia said.

Speaking at a function for distribution of land to 39
budding entrepreneurs for establishment of small scale
industrial units at the Silk and Handicraft Park at Zakura
here, Slathia said outside investment would prove helpful in
tackling the unemployment problem in the state.

The park, developed by the State Industrial Corporation
(SICOP) over an area of over five hectares, has been designed
in such a manner that the end product of one unit becomes the
the input raw material for another unit. Among the proposed
projects are reeling, twisting, weaving, warping, yarn dying
and processing units, with proper linkages between each other.

The minister said local investors will be given priority
in approval of projects within the park, with all incentives
available.

"Strict instructions have been issued to the concerned
authorities to expedite the registration and other processing
formalities within the stipulated time," he said.

Commissioner Secretary, Industries and Commerce, Umang
Narula said the government would keenly observe the
functioning of the estate. He said the project was completed
at a cost of Rs 10 crore within the stipulated timeframe.

SICOP Managing Director R K Razdan said an exclusive
area comprising 38 plots has been reserved for the handicrafts
sector within the Zakura park.

He said the estate is complete in all respects, with
proper power, water supply and drainage systems.

He said a full-fledged common facility centre will also
come up within the estate in the near future, adding that the
building has already been completed.

The machinery at the centre will be installed by the
Central Silk Board after consultation with the stakeholders,
Razdan added.

-PTI

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