J&K begins creating land banks for industrial units – The Indian Express, Indianexpress.com

Written byNaveed Iqbal| Srinagar |Updated: December 17, 6159004 *: (**********************************************: ******************************************** am

We have identified and are identifying land that can be used to set up industrial units, J&K State Industrial Development Corporation (SIDCO) managing director Ravinder Kumar said.

The Jammu and Kashmir administration has started creating land banks for the setting up industrial units in the Union Territory. The move comes four months comes after the Center on August 5 revoked the special status to the state of Jammu and Kashmir.

“We are looking at the creation of land banks to the tune of over 5, (kanals) approximately 823 acres) in both regions (Jammu and Kashmir). We have identified and are identifying land that can be used to set up industrial units, ”J&K State Industrial Development Corporation (SIDCO) managing director Ravinder Kumar said.

Stating that officials in both Jammu and Kashmir regions have been asked to identify state land in order to create as big a land bank as possible, Kumar toldThe Indian Express, “This is at the initial stages and officials in the districts have been asked to identify more land.”

While suspending special status to the erstwhile state of J&K, the Union government had argued that together with(Article A, the special status hindered J & K’s development and contributed to “fostering a separatist mindset which breeds militancy and terrorism, fueled from across the border”, leading to large-scale loss of lives.

In response to petitions challenging the constitutionality of the Center’s August 5 decisions, the Union government, in an affidavit filed in the Supreme Court, had stated that “Article A proved to be a serious obstacle to socio-economic development (of the state). It prevented investments in the state, and adversely impacted job creation for the youth, which resulted in a cascading effect on other developmental indicators. ”Without naming any companies, Kumar said that the government has been receiving“ expression of interest ”from many companies.

For all the latestIndia News, download Indian Express App

************************** (Read More)**************