J&K LG Sinha announces Rs 28,400 cr industrial development package for UT

at 3:19 pm
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J&K Lieutenant Governor Manoj Sinha

Neyaz Elahi

Jammu (NVI): Jammu and Kashmir Lieutenant Governor Manoj Sinha today announced Rs 28,400 crore mega ‘Industrial Development Package’ for the growth, investments and job creations in the Union Territory.

Addressing a press conference, the J&K LG and said this Industrial Package is historical and is approved by the Government of India.

“The package aims at providing a huge boost to the existing industrial sector, setting up new units, creating 4.5 lakh jobs and at least 20,000 crore investments. The package will remain in force for 17 years till 2037,” he said.

During the conference, LG Sinha also said that the Union Cabinet on January 6, sanctioned the huge Industrial Development Package-2021 for Jammu and Kashmir’s industrial sector that has been craving for the real support from the Centre.

“I am extremely happy that Government of India has approved this mega package which will benefit Jammu and Kashmir in a big way,” he said and thanked GoI’s vision and approach towards UT of Jammu and Kashmir.

Sinha further said this is a historic industrial package that will give a boost to the industrial sector in Jammu and Kashmir, create employment and pave way for outside investments as well

“This new package will give boost to economy and relief to existing industrialists. The package will also prove beneficial for other sectors including tourism and Industrial Technology,” he added.