Set up investment facilitation agency in JK: Parliamentary panel to govt
‘48000 kanals of Govt land feasible for setting up industries, creation of infrastructural facilities’
Srinagar: In a key recommendation, a parliamentary committee has pushed for setting up a separate body for attracting investment in the Union Territory of Jammu & Kashmir.
The department-related standing committee on Ministry of Home Affairs (MHA) has recommended creation of a planning board and investment promotion agency to attract funding from different sectors and countries in J&K.
“The committee also recommends setting up a Planning Board and Investment Promotion agency in J&K in a stipulated time to formulate investment plans and coordinate with the industries from various sectors and countries to increase investment in J&K. The MHA should also hold periodic meetings with the Planning Board for guidance and addressing the issues with the concerned Ministries of the Government of India,” reads the report.
The committee has also emphasized on the need for proper physical and social infrastructures like land, capital, storage, roads, railways, air connectivity, communication, power, skilled workforce to attract new industries and entrepreneurs into J&K. The recommendation comes at a time when Jammu and Kashmir government is gearing up to host first-ever summit for attracting investment in the UT.
The government has already notified 14 sectors including healthcare and pharmaceuticals, infrastructure and real estate, film, tourism industry, tourism and hospitality, horticulture and post-harvest management and renewable energy for investment in the UT.
According to the report, more than 48000 Kanals (6000 acres) of government land in J&K has been found feasible for establishing new industrial estates for expanding the existing industrial estates, besides creation of Infrastructural facilities. (KNO)
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