
With massive incentives at offer, Ludhiana’s garment industry likely to shift to Jammu Kashmir
A delegation of garment manufacturers from Ludhiana city will soon meet LG Manoj Sinha to hold talks about setting up industrial projects in Jammu Kashmir.
A report by Times of India, quoting businessmen, said, "In view of incentives provided by the Centre to set up industries in Jammu Kashmir, the cost of production will be very low as compared to Punjab."
Harish Dua, president of Knitwear and Apparel Exporters Organisation, said, "Our delegation is soon going to meet the LG and senior officials of industries and commerce department of J&K to hold discussions about setting up Jammu Kashmir. J-K is offering unmatched incentives to the industry, including 30% state capital investment subsidy, up to 5% interest subsidy on working capital, reimbursement and freight refund scheme."
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