SRINAGAR: Jammu and Kashmir has recorded an actual investment of Rs 2,449.47 crore under the New Central Sector Scheme for Industrial Development, with 267 new industrial units grounded since the policy was launched in 2021, according to the Commerce and Industry Ministry.
The Government informed the Rajya Sabha that a total of 918 units have been granted registration so far. These include 347 new industrial units, 520 existing units, and 51 existing units undertaking substantial expansion. Of the 347 new units, 267 have already been grounded, with a projected employment generation of 23,298 jobs.
The Ministry stated that the Manufacturing sector has attracted 92 per cent of the investment under the policy. Key industries drawing capital include metal, plastic and polymer, food processing and pharmaceuticals. The remaining 8 per cent investment has come into the service sector.
The Government further clarified that it is not considering any proposal to extend the policy period or introduce additional incentives or benefits for industries in Jammu and Kashmir.
