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| BBIA hails govt decision to revise investment targets | | | Early Times Report
JAMMU, July 20: Bari Brahmana Industries Association (BBIA) has hailed the decision of Lieutenant Governor administration to revise investment target of Rs. 55000 Crores for industrial investment in Jammu and Kashmir.
A meeting of Bari Brahmana Industries Association (BBIA) was held today under the President ship of Lalit Mahajan in presence of Tarun Singla Sr. Vice President, Ajay Langer Vice President, Viraaj Malhotra General Secretary, Rajesh Jain Secretary and Vivek Singhal Treasurer BBIA, and other member.
Lalit Mahajan President of the Association thanked LG, Chief Secretary, Principal Secretary Industries & Commerce Sh. Ranjan Parkash Thakur (IRTS) for taking a historic decision to revise the investment target in the Industrial sector of J&K from 30000 Crores to 50000 Crores which will create job opportunities for approx. 7 Lakh local youth in near future.
It is pertinent to mention here that huge Investment is expected in near future on the basis of massive response of Industrial Investment from across the country and abroad as per the fiscal incentives announced by Govt. of India and as well as per the State Industrial Policy 2021-30, it is the need of the hour to establish the New Industrial Estates in time bound manner with the availability of Requisite Infrastructure enabling the prospective Investors to start their projects in time bound manner.
Further Govt. should ease out the Rules for the setting up of Industrial Units on the Private Land which will also help in setting up the Units in Rural Areas to provide the Job Opportunities to local youth of the area, they observed.
"We also request Hon'ble Lt. Governor Sh. Manoj Sinha and Principal Secretary Industries & Commerce to explore the possibility of setting up of Export Promotion Parks and SEZ's in J&K UT with the Fiscal Incentives to boost the Export of Industrial Goods to other Countries from Union Territory of Jammu & Kashmir as already established in other parts of the country by State Governments", the press release reads. |
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