Dubai Expo

Dubai Expo

Recently LG Manoj Sinha along with many senior officers of Jammu and Kashmir administration participated in Dubai Expo 2022. During the recently held Dubai Expo 2022, the Government of Jammu and Kashmir has signed MoUs with various entities to bring in an investment of approximately Rs. 3,000 crore which includes industrial giants like Emaar, Lulu, Matu Investments, Al Maya Group, Noon e-commerce, among others.

During 2021-22, the Industries & Commerce Department has sanctioned 1392 cases under PMEGP with a subsidy amount of Rs. 19.34 crore, sponsored 2810 cases under Credit Card for Artisans with sanctioned amount of Rs. 1.89 crore, established 26 Karkhandars and organized 20 exhibitions for the promotion of J&K’s Industries & Commerce.

Change the industrial landscape of the Union territory, the Department has also notified New Central Sector Scheme for Industrial Development, J&K Industrial Policy 2021-30, J&K Industrial Land Allotment Policy 2021-30, J&K Private Industrial Estate Development Policy 2021-30, J&K Wool Processing, Handicrafts & Handloom Policy 2020, and Karkhandar Scheme for artisans.

After the Dubai Expo 2022, the government of Jammu and Kashmir is waiting eagerly for the big players to come and set up their units here so that the unemployment problem which is becoming a big challenge can be solved to some extent by such investments here.

The government has also eased many prerequisite conditions for setting up of industrial units in Jammu and Kashmir and the new industrial policy has created a single window system for the big players to come here and invest.

Leave a Reply

Your email address will not be published.