On road to industrialization
Kashmir watchers, especially those belonging to the field of political economy, have always stressed that the J&K State will achieve real and lasting prosperity only when it is judiciously industrialized keeping in mind the geography and ecology of the State. This issue has seen many ups and downs in the course of the history of the State in post independence period. Even the Economic Advisor to the Prime Minister, while on his mission to the State for exploring possibilities of upgrading skills and technological efficiency of employment seekers had very emphatically touched on the issue of boosting State’s industries in order to provide more jobs for the unemployed youth. The State Government appears to have realized the importance of improving industrial health of the State by contemplating some innovative and effective measures in this regard. The recent meeting of the Industrial Advisory Committee, held under the chairmanship of the Chief Minister, has taken some good decisions in the interests of boosting industrialization process in the State and providing incentives to the entrepreneurs both old and new ones. The first important step in this direction has been the decision of the Committee to identify sick industrial units which had been closed down after their performance was no more profit bearing. About 50 such units have been identified and recommended for revitalization. The Government will provide both infrastructural support and expertise in the production and marketing of their products. Some of these units had been established by their entrepreneurs with the assistance of the Central Government but when that assistance was withdrawn after some time and under certain agreed conditions, the units could not survive and had to be closed down. The Government will consider how these units can be revived and thus provide not only jobs but also help the economy of the State.
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