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| Mufti urged to get increased private investment to JK | | | Early Times Report
Jammu, Apr 13: The state of Jammu Kashmir has the distinction of having the lowest private investment in industrial sector for the last over 25 years.
In Himachal there has been an investment of over Rs.6000 crores in small scale industrial sector during the last four years which has enabled the state to provide employment avenues for over 2.16 lakh employees. As far as large and medium scale units are concerned there was an investment of over Rs.11000 crores which generated employment avenues to about 60,000 people.
Compared to this experts connected with trade, industry and commerce have blamed unfavorable security scenario, the result of Pakistan sponsored militancy, and successive state governments lethargy in giving a definite shape to the plan for attracting private and central Government investment in the sector of industry.
These experts have alleged that though several hundred small scale units were set up in Jammu and Kashmir but among that majority had turned sick during the last 15 years. Various state and central Government agencies had to suspend financial support to such units when the successive state Governments made not concrete plan for reviving these units.
Despite the fact that the state Government had laid down some incentives for attracting private investment these incentives did not make any major breakthrough in giving a new shape to the growth in the sector of industry. Under these initiatives was to encourage investments in the state, Government should play a lead role to build up the confidence of the private investors c. A comprehensive and analytical review of existing industrial estates in the state is required so that reasons for the failure or non-performance of units located in the industrial estates can be ascertained and corrective action taken.
Common Facilities Centres should be provided to the industrial units set up in the estates. e. Better infrastructure including uninterrupted power supply and connectivity should be provided to the units. . A restructuring fund could be created by the Central Government to downsize or restructure the financially non-viable public sector corporation in a phased manner.
Those connected with industry have appealed to Chief Minister, Mufti Mohammad Sayeed, to review the entire industrial policy and initiate new measures for attracting private investment from the rest of the country. They have urged the Chief Minister to persuade the central Government to set up some major industrial units in Jammu and Kashmir.
BJP leaders have assured the Chief Minister that they too would prevail upon the BJP led NDA Government to increase the central Government's investment in the state. But they have cautioned Mufti Mohammad Sayeed against following the NC practice when the ruling National Conference leadership discouraged those big business houses which had shown interest in setting up industrial units in Jammu and not in Kashmir because of the difficult political and security scenario in the valley. |
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