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In J&K, 545 industrial estates owned by non-state persons

Srinagar: Jammu & Kashmir’s minster for industries, Chandar Prakash said in a written reply to a question by Ajat Shatru Singh, BJP-MLA that 545 industrial units in the state are those whose ownership rights are with non-state citizens. He made this revelation at a time when separatist elements and organisations are taking out protest demonstrations against the introduction of government’s new industrial policy, under which non-state citizen, i.e. persons who do not belong to Jammu & Kashmir but are residing in any part of India other than Jammu & Kashmir, can be given land on lease in J&K for setting up industries. Protest of separatist elements and organisations is because they think that through this policy the real motive of the govt is to change the demography of this state because non-Muslims from different parts of India will open their industrial units in J&K and will start living here. The minister further said that of these 545 industries (or industrial units), 47 are in Kashmir Valley and 498 are in Jammu region. He also said that state residents i.e. Kashmiris have already set up 31,842 industrial units in the whole state, of which 19,960 are in Kashmir Valley and 11,882 are in Jammu region. He stated in the written reply that different kinds of concessions and incentives are being given by state as well as central governments in order to promote local i.e. Kashmir entrepreneurs. Speaking about the special features of the new industrial policy announced on 15 March 2016 he said that under this policy, there is 30 percent subsidy on capital investment, 100 percent subsidy on diesel generator set, 100% subsidy on testing goods and equipment of labs, 60% subsidy on pollution control tools and equipments, 3 to 5% subsidy on working capital and 50% subsidy on the expenses incurred on steps to be taken for green and environmental protection. Moreover, under this policy, import of raw materials and export of finished goods and products will be exempted from tax, he said.

This article appeared in The Milli Gazette print issue of 16-31 July 2016 on page no. 14

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