LG declares Rs 28K crore contemporary industrial bundle for Jammu and Kashmir | India News – Times of India


SRINAGAR: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Thursday introduced a ?28,400-crore Industrial Development Package-2021, geared toward attracting Rs 20,000 crore investments and creating 4.5 lakh jobs within the Union Territory.
“The Union cabinet sanctioned the package on January 6… It will remain in force for 17 years,” he mentioned.
The bundle comes as a giant aid for industrialists and can cowl the manufacturing industries and the companies sector, principally tourism and IT. New entrepreneurs will get funding incentives by way of low-interest capital.
“This is a historic industrial package. It will give J&K’s economy a new boost and lead the UT towards growth and sustainable development,” the L-Sinha mentioned.
The L-G additionally said that his administration is engaged on drawing up a long- and short-term technique for streamlining J&Okay’s energy infrastructure.
Sinha additional disclosed that J&Okay has earned the primary slot on the road-connectivity entrance. “In 2023, people of J&K will travel in metro for the first time,” he added.
On queries concerning the Lawyapora encounter on December 30, Sinha mentioned, “Let me tell you that J&K is a very sensitive UT. I have noted all versions, including that of the forces and the families [of the slain trio]. I will come up with facts before you at an appropriate time.”
The households of the three slain youths, recognized as ‘terrorists’, have repeatedly claimed that their wards weren’t concerned with militancy and killed in “stage-managed encounter” by the safety forces.
On restoration of 4G web in J&Okay, Sinha mentioned “there will be good news soon in the coming days”.



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