The Jammu Kashmir administration has received a mammoth 4,114 online applications for the establishment of business units in the region under the Jammu Kashmir Land Allotment policy with a pledge of Rs 44,327 crore in investment.
According to a report by Deccan Herald, a total of 1,919 industrial units were established in Kashmir since 1947.
The LG Manoj Sinha-led administration is in process of allotting land to about 1,200 new units for “industrial development” in the region.
The land allotment process is likely to begin this month.
The report quoted the Director Industries and Commerce Department, Kashmir, Mehmood Ahmad Shah, as saying, “Not only investors from across the country, but big companies from countries like Dubai too are showing keen interest in investment in the Valley.
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