Jammu and Kashmir government on Thursday directed cancelling of the land allotment to Steel Authority of India Limited (SAIL) at Lassipora Industrial Estate as the public sector company failed to start project work even after several years. "Omar Abdullah directed for taking action for cancellation of land to SAIL at Lassipora as this Authority has failed to initiate its programme at the allotted land despite the lapse of so many years," an official spokesman said.
Omar passed these directions at a meeting held to review the development of industries and handicrafts in the state. The Chief Minister said the land allotted to SAIL should be re-allotted to the budding entrepreneurs of the state for launch of MSME Units. Omar also directed the Industries Department to work out a strategy for establishing proposed Textile Park at a portion of HMT Factory land as it has stopped its operations here for a long time now. He said the matter should be pursued on fast track so that action on setting up of a Textile Park for the local entrepreneurs is taken up as early as possible.
Omar assured the representatives of industries that the government is keenly pursuing the policy of industrialisation in the State with focus on nurturing local entrepreneurs and generating employment for the youth.