Industrial Projects Worth Rs 10K Crores Under Implementation

SRINAGAR: Projects worth Rs 10,000 crore are under implementation in Jammu and Kashmir, Chief Secretary, Dr Arun Kumar Mehta was apprised in a high-level meeting.

Dr Arun Kumar Mehta (IAS)

While taking stock of the investment proposals made through the single window clearance system the Chief Secretary was apprised that out of the investment proposals totalling more than Rs 60000 Cr, industrial units worth around Rs 10000 crore are already under different phases of execution here in Jammu and Kashmir.

In lieu of the land allotted to these projects, the promoters have deposited a sum of Rs 217 Cr into the government exchequer as their lease dues.

The meeting was informed that more than 3300 applications have been approved by HLLAC with Letter of Intent (LoI) issued in favour of 1879 applicants and lease deeds executed by 260 applicants. It was also made out that in 111 industrial estates 9869 Kanals of land has so far been allotted to the prospective unit holders.

Regarding new estates, it was said that 37 DPRs had been prepared by SIDCO and SICOP worth more than Rs 2200 crore besides receiving applications for two private estates also. The meeting also discussed the dozens of proposals received by the department for establishing health care projects in the two medi-cities of J&K.

The meeting also deliberated upon the progress made on investments made by foreign companies in the UT. It had a detailed discussion on various proposals made by these companies after the signing of MoU with the UT administration. These include Dubai-based businesses like EMAAR Group, Noon.com, Al Maya Group, GL Employment, MATU Investments and others.

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