New industrial policy to create jobs in Kashmir

New industrial policy to create jobs in Kashmir

Apart from the Rs 19,000 crore development package released by the Centre on Thursday, Union commerce ministry is working out a policy to promote investment and create jobs in Jammu and Kashmir.

The state-based associations of cricket bat manufacturers, food processing units and saffron producers had been pressing the ministry to create a common infrastructure to boost their business avenues which otherwise is struggling under the fear of militancy.  

The ministry’s department of industrial promotion and policy and Niti Aayog are putting together a new industrial policy for Himalayan states including Jammu and Kashmir and northeastern region to motivate growth of medium and small-scale industries in the 11 states.

Union Commerce Minister Nirmala Sitharaman has said that the DIPP and Niti Aayog team has done extensive tour and held consultations with stakeholders for the purpose.

Through the policy, Modi wants to revive former prime minister Atal Bihari Vajpaye’s push for schemes that are job multiplier, said a top ministry official.

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