Mohinder Verma
JAMMU, May 21: Twenty industrial estates coming up in different parts of the State will also come under the new industrial package approved by the Union Finance Ministry for Jammu and Kashmir by five years and the notification for which will be issued by the Department of Industrial Policy and Promotion shortly.
Official sources told EXCELSIOR that while apprising the top brass of the Industries and Commerce Department of the State about the approval given by the Union Finance Ministry to the extension of industrial package to Jammu and Kashmir by five years in a meeting held on May 9, 2013, Joint Secretary in the Department of Industrial Policy and Promotion, Subhra Singh had asked the State to furnish the information about the industrial estates which will come up within next one and half year so that the same could be brought under the purview of the package.
Acting swiftly, Commissioner Secretary, Industries and Commerce Department, Shantmanu immediately took appraisal of the status of the upcoming industrial estates in the State and finally it was decided to recommend the names of 20 estates, which are all set to be established during the current financial year, sources said, adding “now the names of such industrial estates have been formally conveyed to the Department of Industrial Policy and Promotion and these will find mention in the notification regarding extension of industrial package by five years to be issued shortly”.
Out of the 20 industrial estates which will be brought under the ambit of induistrial package eight are coming up in Jammu region and 12 in Kashmir valley. Such industrial estates of Jammu are being established at Ghatti, Govindsar Phase-II, Industrial Growth Centre (IGC) Samba Phase-III, Hiranagar, Thandapani and Lamberi in Rajouri district, Kishtwar, Majalta in Udhampur district and Nimbla in Reasi district.
In response to a question, sources said, “the land for majority of these industrial units has already been acquired while as process for the others is in advanced stage”, adding “all these industrial estates will be established within next one year and industrial activities will start with the beginning of 2014-15 financial year. Any industrial unit which will come up in these industrial estates will be entitled to avail the benefit of new industrial package and no further clarification would be required from the Department of Industrial Policy and Promotion”.
Responding to another query, sources said that with these 20 upcoming industrial estates the number of estates to be benefitted due to new industrial package would rise to 70 as 50 estates across the State had received benefits during the previous package which expired on June 14, 2012.
Under the previous package, the State Government claimed Rs 124 crore from the Union Government in 10 years but this time the figure is likely to go up considerably although package has been sanctioned for five years only, sources said, adding “the State Government is planning to get Rs 300 crore worth benefits from the Centre keeping in view the momentum the industrialization has gained”.
As reported earlier in this news paper, under the new package excise and income tax subsidy is unlikely. However, Central Capital Investment Subsidy Scheme, Central Interest Subsidy Scheme, Central Comprehensive Insurance Scheme and and Transport Subsidy Scheme have been approved by the Union Finance Ministry under the new package.
Trending Now
E-Paper
Follow our WhatsApp channel