In a significant move aimed at fostering economic growth and generating employment opportunities, the Administrative Council (AC), chaired by Lieutenant Governor Manoj Sinha, has given the green light for the development of seven new Industrial Estates across the Union Territory of Jammu and Kashmir. Spread over 5290 kanals of land, this development is set to inject a total investment of Rs. 304.51 Crores into the region.
The decision, taken during a meeting attended by key officials including Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor, and Chief Secretary Atal Dulloo, marks a pivotal step towards bolstering the industrial landscape of J&K.
These newly sanctioned Industrial Estates are strategically located in Banderpora Budgam, Sempora Medicity in Srinagar, Bhagthali in Kathua, Karandi in Samba, Trenz in Shopian, Hariparigam Tral in Pulwama, and Khunmoh, Pantha Chowk in Srinagar.
Each Industrial Estate is meticulously planned to maximize its potential, with estimated investments ranging from Rs. 22.74 Crores to Rs. 83.13 Crores. These developments are projected to create a significant employment pool of approximately 28,376 individuals, injecting vitality into the local economy.
The breakdown of the approved Industrial Estates reveals a diverse range of investments and employment opportunities. Notably, the Banderpora Budgam project, spanning 64 kanals of state land, is expected to attract an investment of Rs. 78.12 Crores, generating 735 jobs. Similarly, the Sempora Medicity project in Srinagar, covering 517 kanals, is anticipated to draw an investment of Rs. 1825.45 Crores, with employment potential of around 11,643 individuals.
Other projects, such as the Bhagthali Industrial Estate in Kathua and the Karandi Estate in Samba, promise substantial investments of Rs. 4599.89 Crores and Rs. 756.89 Crores respectively, contributing significantly to job creation in their respective regions.
The development of these Industrial Estates underscores the UT administration’s commitment to fostering a conducive business environment and accelerating economic growth in Jammu and Kashmir. With a focus on industrial expansion, the move is poised to unlock new avenues of prosperity, driving forward the vision of a vibrant and prosperous UT.