The Lead The Newsfeed

J&K gets investment proposal worth 51,000 crore: MHA

REPRESENTATIONAL IMAGE

SRINAGAR: The Ministry of Home Affairs Wednesday informed that Jammu and Kashmir so far received investment proposals worth Rs 51,000 crore.

Replying to a question, the Union Minister of State for Home Affairs Nityanand Rai said that the J & K government has reported receiving proposals for investments worth Rs 51,000 crore so far. “In order to boost the industrial development in the UT, the J & K government has already notified industrial policy, private industrial estate development policy and Industrial land allotment policy,” he said.

“Furthermore, the Union Government has notified the New Central Sector Scheme for Industrial Development of UT on 19 February last year to attract capital investment with financial output of Rs 28,400 crore upto 2037,” he added.

The Scheme provides four types of incentives namely Capital Investment Incentive, Capital Interest Subvention, Goods & Services Tax Linked Incentive and Working Capital Interest Subvention.

He said that the J & K government has also notified J&K Industrial Policy, J&K Private Industrial Estate Development Policy and J&K Industrial Land Allotment Policy to boost industrial development—(KNO)

 

The Dispatch is present across a number of social media platforms. Subscribe to our YouTube channel for exciting videos; join us on Facebook, Intagram and Twitter for quick updates and discussions. We are also available on the Telegram. Follow us on Pinterest for thousands of pictures and graphics. We care to respond to text messages on WhatsApp at 8082480136 [No calls accepted]. To contribute an article or pitch a story idea, write to us at [email protected] |Click to know more about The Dispatch, our standards and policies