SRINAGAR: Jammu and Kashmir has efficiently realised investments amounting to Rs. 2079.76 Crore within the first seven months of the present fiscal 12 months, in accordance with the official knowledge.
As per the info accessed by the information company KNO, the whole funding within the industrial sector of Jammu and Kashmir has gone as much as Rs 5319.35 crore since 2019.
Knowledge reveals that within the 12 months 2019-2020 when the centre abrogated Article 370, Jammu and Kashmir witnessed an funding of Rs 296.64 crore within the industrial sector.
The funding within the industrial sector has hiked by greater than 86 % in lower than 5 years, knowledge reveals.
Within the 12 months 2020-2021, Jammu and Kashmir has realised an funding of Rs 412.74 crore within the industrial sector.
In 2021-22, an funding of Rs 376.76 crore was recorded within the industrial sector of Jammu and Kashmir.
An funding of Rs 2153.00 crore was realised within the industrial sector within the 12 months 2022-23.
As per a doc, funding proposals price Rs 88,915 crore have been obtained by the Jammu and Kashmir authorities, which has the potential to generate employment for greater than 3.98 lakh expert youth.
Pertinently, the Authorities of India notified a New Central Sector Scheme for Industrial Improvement of the Union Territory of Jammu & Kashmir on 19.02.2021 with an outlay of Rs. 28,400 Cr to spice up industrial improvement.
As well as, J&Okay Industrial Coverage 2021-30, J&Okay Industrial Land Allotment Coverage 2021-30, J&Okay Personal Industrial Property Improvement Coverage 2021-30, J&Okay Wool Processing, Handicrafts and Handloom Coverage 2020 have additionally been notified.
“Varied initiatives have been taken by the Authorities of Jammu and Kashmir for making the UT an investor-friendly vacation spot,” the doc stated.
The Industries and Commerce Division, in its not too long ago launched compendium, revealed that investments have come for the institution of 2540 models in Jammu and Kashmir within the first six months of the present fiscal. Of which 2329 models should be arrange beneath the Prime Minister’s Employment Assure Programme (PMEGP).
Relating to investments, Lieutenant Governor Manoj Sinha final month appealed to captains of trade on Tuesday to spend money on J&Okay.
He stated that J&Okay provided buyers countless prospects and a partnership in robust worthwhile development.
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