ENA State 2023-11-08 13:47:42 <p><span style="font-size:14px"><strong>Srinagar, Nov 8 (KNN)</strong> The Jammu and Kashmir administration is aiming to establish 45 new industrial estates, including five private industrial zones by 2027, reported rising Kashmir.</span></p> <p><span style="font-size:14px">As per reports, the J&amp;K administration is hopeful of attracting investment opportunities worth Rs 30,000 crores. The move is expected to boost the industrial sector in the region.</span></p> <p><span style="font-size:14px">An investment of Rs 30,000 crores will be secured to invigorate the industrial sector, generating an additional Rs 1.90 lakh employment opportunities, and offering a land bank spanning 8,000 Kanals for the establishment of industries, according to the recently released vision document by the Planning Development and Monitoring Department.</span></p> <p><span style="font-size:14px">Furthermore, the vision document proposes the creation of three Special Economic Zones, three Handicraft &amp; Handloom Clusters dedicated to specific crafts with export potential, and the establishment of three Model Craft Towns and Villages, which will focus on crafts indigenous to the region.</span></p> <p><span style="font-size:14px">Additionally, it suggests the creation of two Raw Material Banks and the establishment of two Quality Testing and Certification labs for exports.</span></p> <p><span style="font-size:14px"> Looking ahead to the period from 2032 to 2037, the document suggests an additional boost to the industrial output through the development of 10 new industrial estates and 4 private industrial areas/estates, it said.</span></p> <p><span style="font-size:14px">The plan involves an additional investment of Rs 16, 000 crores to stimulate the industrial sector, potentially creating around 1.15 lakh employment opportunities.</span></p> <p><span style="font-size:14px">Vikramjit Singh, Commissioner/Secretary to the Government, Industries &amp; Commerce Department, expressed his enthusiasm for the comprehensive vision document, highlighting the vast industrial potential in the region.</span></p> <p><span style="font-size:14px">This comprehensive compendium stands as a testament to our relentless commitment to fostering a robust and thriving industrial landscape in our region. I believe this resource will not only serve as a guiding light for aspiring entrepreneurs and investors but will also underscore our steadfast dedication, he said.</span></p> <p><span style="font-size:14px"><strong><em>(KNN Bureau)</em></strong></span></p> 35438 https://knnindia.co.in/news/newsdetails/state/jk-plans-to-establish-45-new-industrial-zones-by-2027 2023-11-08 13:47:42 knnindia.co.in