Excelsior Correspondent
JAMMU, Jan 9: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) – one of the apex trade associations of the country today termed the new Industrial Policy for J&K a great boost for MSMEs.
Stating that the new Industrial Policy will attract investors to invest in the Union Territory, Kulwin Seehra, chairman, ASSOCHAM Regional Committee for MSMEs said that the launch of Rs 28000 crore worth Industrial Scheme for J&K will really uplift the economic and social conditions of the people of the UT.
Manik Batra, Chairman, ASSOCHAM, J&K Council said it will be a new beginning as a lot of blue-chip companies have shown interest to invest in J&K. “We may see huge investment in the IT sector for the first time. This policy not only covers new investment but also safeguards existing industry. So overall it is a well thought out policy for the overall economic development of the UT,” he added.
Dr M A Alim, Co- Chairman ASSOCHAM, J&K Council said that the scheme will take industrial development to the block level and usher a socio-economic development of this region as never before. “The policy is sensitive towards the existing industries and has salient features like new investment, substantial expansion, working capital interest subvention and subsidies which will result in huge employment generation,” he asserted.
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