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Govt to take steps to revive industrial activity in J&K

Published: Thursday, Oct 14, 2010, 20:49 IST
Place: Srinagar | Agency: PTI

Jammu and Kashmir government today said effective steps would be taken to relocate security forces from industrial estates to rejuvenate industries hit hard by the unrest in the Valley.

"Concrete steps will be taken for relocation of security forces camped at several industrial estates at Sopore, Zakura and Zainakote (in Kashmir valley) to pave way for the smooth functioning of industrial units and establishments," an official spokesperson said after a high level meeting chaired by minister for industries and commerce SS Slathia here.

The spokesperson said several decisions were taken at the meeting to help the industrial fraternity flourish by giving a fillip to their production activities.

The minister said in view of difficulties faced by several industrial estates with regard to power disruption, the Government has kept a provision of Rs 25 lakh for purchase of diesel generator sets complete in all respects.

Slathia said it has been decided to allow the industrial estate to purchase more DG sets to avoid the frequent power disruption, wherever prevailing.

"Other issues which came up for discussion include exemption of GST, VAT and service tax on several items," he added.

It was also decided to explore the possibilities to consider local entrepreneurs in tender process while effecting purchases of blankets, police uniforms and power transformers by Police Department and Power Development Departments.

"Delay in payments from government departments and creation of revolving fund of Rs 20 crore will be considered sympathetically and a meeting with the chief minister along with finance minister will be arranged in this regard," he said.

The government will consider the compensation cases and waiving off the increase in premium for land, the spokesperson said.

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