Investments

The Government of Jammu and Kashmir is waiting for big industrial players to come here and invest in the new framework of industrial policy.

The rules have been eased even for the private land establishment so that the benefits of new industrial policy reach to such units also.

Government recently said that they will ensure the seamless establishment of business enterprises on private lands. Business enterprises coming up on private land shall be entitled to all the incentives as per extant policy and procedure.

Due to the second wave of Covid and subsequent lockdown, several new industrial units have not been able to come into production within the specified timelines. To redress the issue, the Government is mulling to give a one-time extension to such units, up to March 31, 2022 for coming into production.

J&K UT is on a mission to renovate, reinvent, and ready to take a quantum leap to become the fastest-growing region in the country, pushing the targets for economic growth and employment.

The aim of the government is to deepen the trust with the business conglomerate, build the industrial base and strengthen the socio-economic stability.

To encourage new investment and to nurture the existing industries, J&K is one of the best destinations in the country for setting up new businesses as of now with the best incentives and improving infrastructure facilities.