New Delhi, Apr 6: The Government of Jammu & Kashmir has received new proposals for investments worth approximately Rs 51,000 crore so far under the new central sector scheme for Industrial Development.
This was informed by MoS for Home Affairs Nityanand Rai in a written reply to a question in the Rajya Sabha on Wednesday.
The Centre had notified the new central sector scheme for Industrial Development of Union Territory of Jammu & Kashmir (J&K) in February 2021, to attract capital investment of 28,400 crore.
“Moreover, in order to boost industrial development in UT, the Government of J&K has also notified the J&K Industrial Policy, J&K Private Industrial Estate Development Policy and J&K Industrial Land Allotment Policy,” he said.
The Scheme will provide four types of incentives Capital Investment Incentive, Capital Interest Subvention, Goods & Services Tax Linked Incentive and Working Capital Interest Subvention.
Earlier, centre government had claimed that the Scheme will help in the creation of more employment opportunities and promotion of tourism in the region.
It is estimated that the scheme will generate the direct employment of nearly 78000 persons in the union territory. UNI
J&K receives new investment proposal worth Rs 51,000 cr
