In this section, we cover latest news from Jammu & Kashmir Economy with extensive coverage - Pictures, Videos, and Special Reports. An overview of Key Sectors: Food processing and agro-based industries (excluding conventional grinding and extraction units) thrive in the state due to an excellent climate for horticulture and floriculture. Handicrafts has been receiving priority attention from the Government in view of its large employment base and exports potential. J&K is famous for its small-scale and cottage industries such as carpet weaving, silks, shawls, basketry, pottery, copper and silverware, papier-mâché and walnut wood. J&K SIDCO is the nodal agency for promotion and development of medium and large-scale industries in the state.