SRINAGAR: The Jammu and Kashmir Council of Ministers has approved the establishment of two new industrial estates involving a combined investment of Rs 162.72 crore, aimed at expanding industrial infrastructure, attracting investment and generating employment opportunities.
The approved projects include an industrial estate at Pehlipora in Lar area of Ganderbal district, estimated to cost Rs 60.92 crore, and Industrial Estate Bhagthali (Part-II) in Kathua district, with an investment of Rs 101.80 crore.
The approval was announced by the Office of the Chief Minister in a post on X.
The two projects are expected to strengthen the industrial ecosystem in the Union Territory by encouraging local manufacturing, facilitating fresh investments and creating employment opportunities for local youth.
The initiatives are also aimed at supporting economic growth through the expansion of industrial infrastructure in both the Kashmir and Jammu divisions.
