Rs.296 Cr Central Industrial Package for J&K: Kichloo

KL Report


In a significant move to give boost to Industrialization in the geographically dis-advantageous state J&K, the Centre has extended Rs.296 cr work Industrial Package for the state.

The package will be applicable with effect from June 14, 2013. The earlier package had exhausted in June last year.

This was stated by the minister of state for Industries and Commerce, Sajad Ahmad Kichloo while talking to some media persons Wednesday.

“Omar Abdullah and myself made several rounds of talks with the Central authorities to motivate them for extension of the Industrial package, which was approved after hectic efforts and finally a notification in the regard was issued yesterday evening,” Kichloo said.

He said the two key features of the new Industrial package are inclusion of all the thrust areas recommended by the state government and it will be applicable to all the new up-coming Industrial estates in the state.

“Central Capital Investment Subsidy Scheme, Central interest subsidy, Central Comprehensive Insurance Scheme and Transport Subsidy Scheme have been approved by the Union Finance Ministry under the new package,” Kichloo informed.

“State government has recommended the names of twenty new Industrial Estates which are being established during the current financial year. Out of these twenty Industrial Estates, which will be brought under the ambit of Industrial package, eight are coming-up in Jammu region and 12 in Kashmir.”


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