J&K’s new Industrial policy to focus on ‘Make in India’, new investment


factoryThe state government under the Governor rule has approved the industrial policy of Jammu and Kashmir which will remain effective for the next 10 years. The industrial policy taking lead from Prime Minister Narendra Modi’s campaign to make India self-reliant in manufacturing has focused on ‘Make in India’ campaign.

A meeting of the State Administrative Council which met under the chairmanship of Governor NN Vohra approved the new industrial policy. All the stakeholders which include industry, trade, government departments have given their inputs for the new industrial policy which shall guide the industry in the state.

The focus of this policy is time bound registration of industrial units online. This will include online processing of proposals, self-certification and third party certification, time bound clearances particularly from power, pollution and other departments.

As per the instructions from the state governor, the policy aims to increase investment in the state, and also to facilitate the ease of doing business. Apart from that focus would be on setting up mega units, and software parks.

The policy also aims at revival of sick units in the state, and J&K Bank will be the primary partner for this endeavor. The government will also set up an investment facility cell to help the investors who are looking forward to set up units, and manufacture in the state. An entrepreneurship development cell will also be set up apart from a grievance forum for industrialists to resolve their problems.