New ideas

New ideas

Bureaucrats of UT administration of Jammu and Kashmir have been toying with new ideas to not only show the political dispensations of past in poor light but also proving wrong their predecessors who had drafted those policies.

A senior bureaucrats of the industries department recently said that such past mistakes would not be repeated and the land would be allotted only for the establishment of industrial units.

He even gave instances, for a two crore project 50 kanals of land could not be allotted to that industrial unit for establishment.

In October last year, Government of India (GoI) paved the way for people from outside Jammu and Kashmir to buy land in the erstwhile state by amending several laws.

The laws were amended over a year after the abrogation of Article 370 in August 2019. However, there is a general bar on the transfer of agricultural land to non-agriculturists.

With a total investment proposal of Rs 22,000 crore, as many as 400 companies have signed Memorandum of Understanding (MoU) with the Jammu Kashmir government to set up their units in the erstwhile state after the abrogation of Article 370.

Recently, the Jammu and Kashmir administration announced a new industrial developmental scheme (IDS) with a total outlay of Rs 28,400 crore to encourage new investment. The scheme will also provide employment to 4.5 lakh people.

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