LG Manoj Sinha announces Rs 28000 crore Industrial Package Approved by Centre for J&K

JAN 7: Jammu and Kashmir’s Lieutenant Governor Manoj Sinha on Thursday announced Rs 28400 Crore mega “Industrial Development Package-2021” approved by the Centre for the UT’s industrial growth, investments and job creations in the industrial sector.

Addressing a press conference in Jammu, the LG Sinha said that the Union Cabinet on January 6, sanctioned the huge Industrial Development Package-2021 for J&K’s industrial sector that has been craving for the real support from the Centre. “The package aims at providing a huge boost to the existing industrial sector, setting up new units, creating 4.5 lakh jobs and at least 20,000 Crore investments. The package will remain in force for 17 years i.e. till 2037,” he said, reported news agency KNO.

“This is a historic Industrial package that will boost the industrial sector in J&K, create employment and pave way for outside investments as well,” he said.

He said the package will act as a big relief to the industrialists and cover the manufacturing units, service sector including the tourism and IT sector. “This will give J&K’s economy a new boost and lead J&K towards growth and sustainable development,” LG Sinha said.

The LG also stated that the administration was working on a long and short term strategy for streamlining the power infrastructure in J&K.

“J&K has earned the first slot on road connectivity front and in the near future, every village will be connected through a better road.