Excelsior Correspondent
New Delhi, Sept 11: Government of Jammu & Kashmir aggressively showcased the strengths and key policy initiatives to woo investors at the 4th Invest North Conclave organized by Confederation of Indian Industry (CII) here today. Investment projects worth Rs 600 crore in sectors like tourism, hospitality, skills, mining, logistics, fruit processing, floriculture, hydel power and warehousing etc. were discussed and are almost finalized at the CII Invest North Conclave.
J&K delegation in this all-important prestigious CII Conference was led by Industries & Commerce Minister Chander Prakash Ganga who was accompanied with Amit Sharma MD, J&K SIDCO, who made a focused presentation before investors, Dr Abdul Rashid Director Industries Jammu, Dr R.S Sharma OSD to Minister, Irfan ul-Haq FA/CAO, Directorate of Industries Kashmir, Chander Parkash Gupta, Chairman CII J&K State Council and Sheikh Imran Vice-Chairman, J&K CII State Council.
Highlighting the commitment of the State Government to foster industrial growth, Chander Prakash Ganga shared that alongwith the incentive packages from Central Government, the State Government has also come up with number of policy measures like fiscal incentives, availability of land banks, development of industrial corridors, power availability and ease of doing business to extend a red carpet welcome to the potential investors in the State. Further, the State Government has taken a number of measures like self-certification contributing towards building a conducive environment for investors, he added. “Government has initiated creation of the Land Banks for the development of envisaged industrial corridor from Samba to Kathua district covering an area of 20,000 kanals in next 15 years which will accelerate the pace of industrial development in the state” he informed all.
Amit Sharma, Managing Director, J&K State Industrial Development Corporation Ltd (JKSIDCO), while highlighting Jammu & Kashmir as an entrepreneurs dream said that host of incentives like subsidy on Gen sets, CIS, interest subsidy on Working Capital loan, single window clearance, robust infrastructure, existence of industrial estates, availability of cheap & skilled labour, etc. makes the state an ideal destination for domestic and international investments.
On ease of doing business, MD J&K SIDCO shared that provisions like toll tax exemption for raw material, self- certification, online availability of provisional registration for starting up the business etc have been incorporated into the system by the JKSIDCO. He further commented that the state has the lowest land rates and power tariff.
Chander Prakash Gupta, Chairman, CII J&K State Council, remarked that the state Government has realized the role of a facilitator for investments, and will be soon coming up with a progressive industrial policy which will create an enabling environment for growth and development.
Sheikh Imran, Vice Chairman CII J&K State Council while sharing his experience in doing business in the state, stated that the Government of J&K has been very supportive to the business community through creating an enabling environment for start- up organizations, particularly in the MSME sector.
Apart from J&K, other Northern state sessions were led by their respective Chief Ministers & Dy. CMs like Arvind Kejriwal for Delhi, Manohar Lal Khattar for Haryana, Harish Rawat for Uttrakhand and Sukhbir Singh Badal for Punjab.
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