#Budget 2016-17: Govt Earmarks Rs 40 Cr For Development Of New Industrial Estates

IndustriesTasavur Mushtaq

SRINAGAR

Government has earmarked Rs 40 crore for acquisition and development of the new Industrial Estates in the state. This was stated by Dr Haseeb Drabu in his budget speech.

While talking about the initiative, Dr Drabu said that in the last one decade or so, no new industrial estate has been created in the state.

He said that this will enable Industries & Commerce department to create a Land Bank across the state. He further said that the government is working out modalities to grant some specific relief to sick industries on account of arrears of power surcharge.

 

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