J&K: 25000 Kanals of State land transferred to I&C Department

To give a boost to economic activities like manufacturing and services, the government of Jammu and Kashmir (J&K), in line with the industrial policy of 2016, has transferred 25,000 Kanals of state land to the Industries & Commerce (I&C) Department.
According to the government handout, the Industrial Policy 2016 envisaged creation of a land bank of 20,000 Kanals over a period of ten years across the Indian union territory of J&K, with emphasis on locations outside urban areas.
Out of the total land transferred, 17,000 Kanals is in Jammu Division whereas 8,000 Kanals is in Kashmir Division. This land bank consists of non-forest, non-agricultural primarily barren state land parcels. The land has been identified by revenue authorities in consultation with the industry department and shall be put to use for development of Industrial estates over the next few years.
The creation of Industrial land bank and developing new Industrial Estates is an ongoing process since the 1960’s when the first industrial estate was established at Digiana in Jammu. Subsequently, in the early 2000s and thereafter, after a gap of 8-10 years, this exercise is carried out for the expansion of industrial estates to accommodate new entrepreneurs with an objective of generating employment opportunities.
With the announcement of Industrial friendly packages by the Indian government, the region witnessed a spurt in industrial activity across J&K which resulted in the creation and expansion of new industrial estates at Samba, Udhampur, Rangreth, Khunmoh and Lassipora etc.
Prior to 2018, the Department of Industries & Commerce already established 49 industrial estates across J&K with a total area of 31448 Kanals. This new land bank of approximately 25,000 kanals shall add to these existing industrial estates.
The land in the industrial estates is allotted on lease to the units through a proper process laid down in the Industrial Policy. Out of the new land bank, no land patch has yet been allotted to any entrepreneur as the same is yet to be developed.
During the last two years, only 453 units have been set up on the government land in J&K. These units have been allotted a total of 1,371 Kanals of land on lease in the industrial areas across J&K after following procedure and guidelines as prescribed in the Industrial Policy.
The department of Industries and Commerce is working on the creation of employment opportunities in the private sector by encouraging such investments in the manufacturing and services sector, and working towards the creation of a conducive business eco-system.

Comment here