LG discusses strategies to attract more investments into J&K

Help desks to be set up in 5 offices

Prime objective to resolve all land issues
Excelsior Correspondent

JAMMU, May 13: Lt Governor Manoj Sinha today chaired a high-level meeting here to discuss strategies to attract more investments into the Union Territory.
The meeting also deliberated strategies for proactively resolving all the issues with great synergies and to enhance ease of doing business to boost the economy, an official spokesman said.
During the meeting, the Lt Governor directed for setting up a help desk of the Industries and Commerce department at the Divisional Commissioner’s Office at Jammu and in four Deputy Commissioner’s offices of Jammu, Kathua, Samba and Udhampur.
“The prime objective of Jammu Kashmir administration is to ensure proactive and structural response to resolve all issues including change of land use and to enhance ease of doing business.
“Concerned officials must provide necessary support, handholding of investors and help the investors getting all clearances in a time bound manner,” the Lt Governor said.
The meeting among others was attended by Financial Commissioner Revenue Shaleen Kabra, Secretary Revenue department Dr Piyush Singla, Divisional Commissioner Jammu, Ramesh Kumar, Deputy Commissioner Jammu Avny Lavasa, Deputy Commissioner Udhampur Sachin Vaishy, Deputy Commissioner Kathua Rakesh Minhas, Deputy Commissioner Samba Abhishek Sharma, Director General Industries and Commerce Anoo Malhotra, Secretary in Industries and Commerce Department Smita Sethi and Vice Chairman of Jammu Development Authority (JDA) Shiv Kumar Gupta.
It may be mentioned here that Government has been receiving large scale investments in Jammu and Kashmir after announcement of new Industrial Policy by the Central Government.
Investment proposals have touched around Rs 70,000 crore.
The groundbreaking ceremony of Rs 38,080 crore worth private investment proposals in Jammu and Kashmir was performed by Prime Minister Narendra Modi on April 24 last year. However, total proposals for investments received by J&K Government were close to Rs 70,000 crore.
The private investment proposals, which are pending before the Government, will be cleared after development of Land Bank.
Sources said the Government is anticipating private investments in Jammu and Kashmir to further go up once the pending proposals are cleared.
Foreign Direct Investment (FDI) has also been received for the first time in Jammu and Kashmir.