Jammu: Lieutenant Governor Manoj Sinha today addressed the inaugural ceremony of the industrial unit and reiterated the commitment of the UT administration to provide a vibrant environment for the growth of the industrial sector in Jammu & Kashmir, an official press release informed.
“Progressive reforms for ease of doing business, revolutionary new industrial development scheme, transparent land allotment policy, best Incentives, Return On Investment (ROI), affordable electricity for units and low crime rate have made J&K the preferred destination for the investors,” he said.
The LG also added that the compliance burden has been reduced to facilitate the ease of doing business.
“Today we can fulfill the 70 percent land need of the industries. Earlier, availability of land was an issue, but now we are making dedicated efforts to reduce the land deficit,” he said.
The LG highlighted the investments received in both Jammu and Kashmir divisions in the industrial sector. “More than Rs 90,000 cr investment proposals were received in the last few years, and Rs 14,000 cr worth investments are being implemented on the ground,” Sinha said.
The LG also highlighted the growth journey of J&K Bank.
