Land for 2 projects worth Rs 144.66 cr approved in Kashmir

SRINAGAR, JUNE 3: In continuity to the clearance of projects for land allotment by the High Level Land Allotment Committee in various Industrial Estates of Jammu Division with a projected investment of Rs. 2447 Cr., the High Level Land Allotment Committee on Saturday cleared land allotment to two mega projects worth Rs 144.66 crore having employment potential of 100 in Kashmir division, am official statement said today.

In this regard, Principal Secretary, Industries and Commerce Department, Ranjan P. Thakur, chaired first High Level Land Allotment Committee meeting for Kashmir division today to approve allotment of land for establishing projects having proposed investment from Rs 50 crore to Rs 200 crore under the provisions of J&K Industrial Land Allotment Policy in Srinagar.

The process of land allotment, for the first time adopted a strategy based on different parameters of the Project Report and presentations as envisaged in the Land Allotment Policy 2021-30.

Tazayun Mukhtar Kawos, Director Industries and Commerce, Kashmir (Member Secretary, High Level Land Allotment Committee) presented the agenda for five cases before the Committee and expressed optimism that the decisions in the meeting usher in a new era of growth, industrialization and employment generation in J&K besides promoting a culture of entrepreneurship.

The High Level Land Allotment Committee took up all 05 projects for allotment of land in Industrial Estates, IGC Lassipora, IE Khrew and IE Tulbal Sopore of Kashmir Division with a projected investment of Rs 430.41 crore.

After deliberations on case to case basis the committee approved two cases of land allotment with a projected investment of Rs 144.66 crore having employment potential of 100. Rest of the three projects were discussed threadbare and due to certain shortcomings in the DPRs were referred back for completion. The establishment and registration of new units of air polluting industries in Industrial Estate, Khrew were deferred because of the moratorium by Pollution Control Board.

Approximately Rs. 8,000 Cr worth project and employment potential of 30000 persons in Kashmir are presently under the process of being approved.

In J&K, projects worth Rs. 20000 Cr employing 64000 persons in J&K are in pipeline.

The meeting was attended by Farooq Ah Shah, Secretary in Housing and Urban Department, Anoo Malhotra, Director, I&C Jammu, Parvaiz Ah Handoo, Director Planning, Forest Department, Dr. Basharat Qayoom, Managing Director KPDCL, Atul Sharma Managing Director, J&K SIDCO/ J&K SICOP, Fayaz Ah Fayaz, Joint Director, I&C Department, Syed Nadeem Representative from PCB and Mr. Shahid Kamili, President, FCIK Srinagar.