SV NEWS SERVICE Jammu: Work commenced on another Rs 5500 Cr: Officers to CS Dispelling all the previous notions, Chief Secretary, Dr. Arun Kumar Mehta remarked that J K is fast turning into an investment hub as people are keen to establish their business units here in the UT. Dr Mehta made these remarks while talking in a meeting called to deliberate upon the deliverables set for the I C Department for the year 2023 24. The meeting was attended by Principal Secretary Industries Commerce; Director General, Industries, Jammu; Director, Industries, Kashmir besides other officers of the concerned Department. Dr Mehta urged upon the officers of the Department to act as facilitators to all the applicants who want to establish their business units here in J K. He asked them to be a sole contact point for these entrepreneurs so that they are able to swiftly establish their units under Single Window System SWS created for their ease. It was given out in the meeting that under New Industrial Policy NIP , 2021, a total of 5327 applications investment proposals have been received so far with an anticipated investment of about Rs 66,000 Cr to be made here in the UT.
The meeting was further apprised that under NIP investments worth about Rs 2200 Cr have been made in J K till previous financial year 2022 23. These units have come into production recently creating employment opportunities for nearly 10,000 youth. Moreover it was revealed that the current financial year 2023 24 is turning out to be a successful year in terms of investments actually made on ground. It was elucidated that till date the work started on Industrial units has reached to nearly Rs 5500 Cr. These units shall provide jobs to many more youth in the months to come. Investment ,Jammu Kashmir.