Kashmir Visuals
Kashmir Visuals
Monday, May 20, 2024

The government has approved an investment of Rs 136.65 crore to build four new industrial estates in Jammu and Kashmir

The creation of four new industrial estates in Jammu and Kashmir has been approved by the government.

On November 25, 2023, in Jammu, The creation of four new Industrial Estates has been approved by the Administrative Council (AC) that was convened under the leadership of Lieutenant Governor Manoj Sinha, marking a major step towards enhancing industrial growth in Jammu and Kashmir. This decision is a major step towards improving economic opportunities in the region. It was reached during a recent meeting and was attended by key officials such as Dr. Arun Kumar Mehta, Chief Secretary; Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor; and Dr. Mandeep Kumar Bhandari, Principal Secretary.

Budhi Kathua, Medicity Jammu, Chandgam, and Lelhar Pulwama would all be home to the authorized industrial estates, which will span a sizable 1379 kanals. An investment of Rs 136.65 Crores is backing the ambitious undertaking, showing a significant financial commitment to the economic growth of the region.

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The initiatives are anticipated to have far-reaching effects on local employment, with estimates suggesting the creation of more than 11,497 private sector jobs, in addition to the monetary ramifications. This action is in line with the government’s larger goal of fostering economic development and providing opportunities for the local workforce.

These Industrial Estates have an all-encompassing plan for development that includes essential infrastructure components including a centralized water distribution system, a network of internal roads, a steady supply of energy, a system for collecting rainwater, and landscaping along roadsides. This comprehensive method guarantees the establishment of environmentally friendly and adequately furnished industrial zones.

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In addition, cutting-edge technology, such as Centralized Effluent Treatment plants, will be included into the development plan, with designs that meet the standards established by the National Green Tribunal. A dedication to ecologically responsible practices in industrial operations is shown by the incorporation of cutting-edge technology.

With a focus on punctual execution and delivery, these projects are expected to be finished in 18 months. Jammu and Kashmir is well-positioned for long-term economic growth because to the government’s deliberate decision to build these Industrial Estates, which will encourage industrial development and entrepreneurship.

This effort signifies a turning point in the region’s industrial environment and serves as evidence of the government’s proactive approach. It will also encourage future economic growth. The government’s dedication to these projects is indicative of a larger goal of establishing a prosperous industrial sector in Jammu and Kashmir.

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