SRINAGAR: The Government told the Legislative Assembly that private investment totalling Rs 14,948.41 crore was realised in Jammu and Kashmir between 2022-23 and 2025-26 (up to December 2025), generating 64,515 direct jobs, as the industries department outlined the policies and incentives being used to attract investment.
In a written reply to a starred question the Department of Industries and Commerce set out the policy architecture for investment promotion, listing the New Central Sector Scheme 2021, the Jammu and Kashmir Industrial Policy 2021–30, the Jammu and Kashmir Industrial Land Allotment Policy 2021–30, the Private Industrial Estate Development Policy 2021–30 and a Policy for Promotion of Foreign Investment in the industrial sector. The reply noted that registration under the New Central Sector Scheme commenced on 01.04.2021 and ended on 30.09.2024.
In 2022-23, 629 units accounted for Rs 2,153.45 crore and 15,719 jobs; in 2023-24, 234 units accounted for Rs 3,389.37 crore and 29,969 jobs; in 2024-25, 405 units generated Rs 4,145.59 crore and 11,396 jobs; and up to December 2025, 184 units brought Rs 5,260 crore and 7,431 jobs. The department said the cumulative tally for the period stands at 1,452 units, Rs 14,948.41 crore and 64,515 jobs.
Officials detailed the incentives available under the central and UT schemes. The New Central Sector Scheme offers a capital investment incentive capped at Rs 5 crore in Zone A and Rs 7.5 crore in Zone B for new units with plant and machinery investment up to Rs 50 crore. It also provides capital interest subvention, a GST linked incentive for registered units and a working capital interest subvention for existing units, subject to prescribed caps. The J and K Industrial Policy 2021–30 supplements these measures with subsidies on diesel generating sets, automation and pollution control devices, a green initiative subsidy, turnover incentives for micro and other units, support for quality certification and exemptions on stamp duty and court fees for substantial expansions.
To address investor concerns the reply said the government is upgrading industrial estates with roads, drainage, water supply, power infrastructure and common facilities; developing new estates; coordinating with power and water departments to ensure last-mile connectivity; rationalising building bye-laws to allow higher floor area ratio and flexible ground coverage; and providing time-bound utility connections through a single online application and single window clearance. The department added that ease of doing business reforms include online approvals, one-day shop registration and labour law rationalisation to reduce compliance burdens.
The written response did not specify any fixed investment targets or a timeline for future investment goals for 2026, nor did it give a breakdown of the sectoral distribution of the realised investment in the summary provided to the Assembly. The industries department said it continues to promote investments through coordinated policy, infrastructure upgrades and fiscal incentives.
