J&K administration approves amendments to industrial land allotment policy

Jammu, July 26

The Administrative Council, which met under chairmanship of Lieutenant Governor Manoj Sinha, approved amendments in the Jammu and Kashmir Industrial Land Allotment Policy 2021-30.

While firming up the changes, the Industries and Commerce Department has included views and comments from stakeholders for effectiveness in updation of the existing policy. Based upon feedbacks, amendments have been incorporated to elucidate different clauses of the existing policy with a view to provide simplification of processes and efficiency in land allotments.

“Periodic revision of lease premium, wide publicity for inviting applications, allotment of land on competitive merit basis, analysis of applicant/promoter/companies background including qualification and experience, sector specific evaluation criteria for allotments, functions and jurisdiction of land allotment committees, timelines for restoration of cancelled allotments, etc., have been provided in the amendments to the policy,” an official said.

To encourage large investments having strategic importance to the economy of UT, government may allot land on preferential basis to mega projects, viz. industrial/service sector units with minimum capital investment (excluding land and working capital) of at least Rs 4000 crore, the official stated.

He said that the amendments will ensure equity and transparency amongst applicants. The amendments in the Jammu & Kashmir Industrial Land Allotment Policy, 2021-30 shall help in realising large investments and this will be a fillip to employment generation in the UT.

Nod to transfer 3,188 kanals for industrial estates

Srinagar: The Administrative Council, which met under chairmanship of Lieutenant Governor Manoj Sinha on Friday, approved transfer of over 3,100 kanals to Industries and Commerce Department for development of industrial estates in various districts of J&K, officials said.

“The transferred land parcel includes 114 kanals in Kupwara, 1,000 kanals of land in Bandipora, 1,094 kanals in Anantnag, 375 kanals in Pulwama, 240 kanals in Baramulla and 364 kanals in Budgam,” said an official spokesperson.

According to officials, development of industrial infrastructures has been a focus area post-2019 and has been considered as main vehicle for accelerating economic activity besides providing employment. Industries and Commerce Department has come up with various initiatives for setting up industries in the UT of Jammu and Kashmir, the spokesperson said, adding that in order to carry “out activities effectively for attracting investment, the main requirement is to make land available to the Industries and Commerce Department.”

“The land transferred thus, shall enable establishing Industrial Estates for overall development of the area and creation of various employment opportunities,” the spokesperson noted.