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What TV doesn't, print can't; we deliver.
Lieutenant Governor Manoj Sinha has sought the intervention of Prime Minister Narendra Modi, Home Minister Amit Shah, and the Department for Promotion of Industry and Internal Trade.
SRINAGAR: With the ₹28,400 crore industrial scheme for Jammu and Kashmir nearing its capacity after registering 971 units, Lieutenant Governor Manoj Sinha has sought the intervention of Prime Minister Narendra Modi, Home Minister Amit Shah, and the Department for Promotion of Industry and Internal Trade (DPIIT) to enhance the package to ₹75,000 crore.
Officials told The New Indian that “The New Central Sector Scheme (NCSS), launched in April 2021 and set to run until 2037, has witnessed overwhelming participation. The allocated ₹28,400 crore is expected to be fully utilized by the registered units. However, nearly 300 additional proposals are awaiting approval, requiring an increase in the package to accommodate the growing interest from investors.”
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The scheme has already facilitated the establishment of 971 industrial units across Jammu and Kashmir, promoting business and creating employment opportunities in the region. “These incentives have attracted significant investments, but to continue this momentum and clear pending proposals, the financial outlay needs to be increased,” an official told The New Indian.
In a formal appeal, the Lieutenant Governor’s office has urged the DPIIT and the Ministry of Commerce and Industry to approve the enhancement of the package. Simultaneously, the Prime Minister and Home Minister have been approached to secure additional support for bolstering industrial development in the Union Territory.
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The industrial drive has already surpassed ₹1.25 lakh crore in investment proposals. The Central Government’s initiatives under the NCSS include key policies like the J&K Industrial Land Allotment Policy, Private Industrial Estate Development Policy, and the Promotion of Foreign Investment Policy, among others.
Further incentives include schemes for artisans, weavers, and cooperatives, as well as export subsidies and credit facilities. The industrial package is projected to generate over three lakh jobs, with numbers likely to rise as investments expand.
