LG Manoj Sinha announces ₹28,000 Crore Industrial Package for J&K

JAMMU — In a major decision of far reaching consequence, Government of India has approved the new Industrial Developmental Scheme for Jammu and Kashmir. The Scheme will go a long way in ushering an era of socio-economic development of the region as also catering to the aspirations of people.

While giving details of the scheme, Lieutenant Governor, Manoj Sinha, in a press conference, visualized the scheme as a major push to the economy of the region and providing huge opportunities of employment to the people of J&K.

The main purpose of the scheme is to generate employment beyond government jobs in both manufacturing and service sectors which directly leads to the socio-economic development of the region.

The scheme is being implemented with the vision that industry and service led development of J&K needs to be given a fresh thrust with emphasis on job creation, skill development and sustainable development by attracting new investment and nurturing the existing ones.

“It will provide a major support to local industry, besides creation of new business opportunities,” the Lt Governor observed.

The scheme is approved with a total outlay of Rs. 28,400 Crore upto the year 2037.