Government is coming up with the rules governing 'Change of land Use' shortly; This will ensure seamless establishment of business enterprises on private lands: LG Manoj Sinha

 

LG Manoj Sinha interacted with Industry leaders at Kolkata, invited them to invest in J&K UT. The Industrial Development scheme outlay is being enhanced to meet the exceeded expectation of Investment in J&K. The proposed investment has already reached Rs. 31,000 Cr and is expected to cross Rs.51,000 Cr by the end of the financial year. In order to facilitate setting up of business enterprises on private land, government is coming up with the rules governing change of land use shortly. This will ensure seamless establishment of business enterprises on private lands. Business enterprises coming up on private land shall be entitled to all the incentives as per extant policy and procedure. He further elaborated that J&K is determined to push the targets for economic growth and employment. Our aim is to deepen the trust with business conglomerate, build the industrial base and strengthen the socio-economic stability. We are in the process of developing a business culture, industrial ecosystem in J&K that has been missing since independence. J&K is on a mission to renovate, reinvent, and ready to take a quantum leap to become the fastest-growing region in the country.