SRINAGAR: An amount of Rs 454.46 crore grants was today passed in the Legislative Assembly as grants for Industries and Commerce in the Jammu and Kashmir, where the Government is aim to attract Rs 20,000 crore investment in ten years.
Winding up the discussions on demand of grants for Industries and Commerce Department, Minister for Industries and Commerce, Chander Parkash Ganga said that Government is focused on development of this vital sector.
He further added that as per the latest economic survey by the Government, it 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 said that the micro and small industrial enterprises have been the main focus of the Government, adding that there are 30257 registered MSME units employing about 1.45 lakh people in the State.
Highlighting the provisions of New Industrial Policy 2016, the Minister said that Industrial policy envisions Ease of Doing Business by simplifying the process of obtaining clearances, No Objection Certificates (NOC) including self-certification of documents and others. (AGENCIES)
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