SRINAGAR: The State Assembly was today told that the State Government expected to attract investments worth Rs 20,000 crore over the next decade.
“With a slew of industry-friendly measures, the J&K Government aims to attract investments of Rs 20,000 crore over the next 10 years,” Minister for Industries and Commerce Chander Parkash Ganga said in the Assembly here.
Winding up the discussion on demand for grants of Industries and Commerce department, the minister said the Government was focussed on the development of this vital sector.
As per the latest economic survey conducted by the Government, industry contributes 25.87 per cent to the Gross State Domestic Product (GSDP) and various steps are being taken to strengthen the sector for socio-economic transformation of the State.
The minister added that micro, small and medium enterprises (MSME) have been the main focus areas of the Government.
There are 30,257 registered MSME units employing about 1.45 lakh people in the State.
Highlighting the provisions of New Industrial Policy 2016, the minister said it envisions ease of doing business by simplifying the process of obtaining clearances, no-objection certificates, including self-certification of documents and others. (AGENCIES)
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