Directs department to ensure balanced framework with focus on investment, local employment and industrial growth
Srinagar, September 24: Chief Minister Omar Abdullah on Thursday reviewed the draft Jammu & Kashmir Industrial Policy (2026–35) and directed the Industries & Commerce Department to ensure that the final policy framework is balanced, pragmatic and responsive to the evolving needs of the region’s industrial sector.
The Chief Minister chaired the meeting at the Civil Secretariat in Srinagar, which was attended by Deputy Chief Minister Surinder Choudhary, Advisor to the Chief Minister Nasir Aslam Wani, Chief Secretary Atal Dulloo and senior officers of the administration and allied departments.
Additional Chief Secretary to the CM Dheeraj Gupta, ACS Finance Shailendra Kumar, Commissioner Secretary Industries & Commerce Viramjit Singh and MD & CEO J&K Bank Amitava Chatterjee were also present.
Draft policy framework reviewed
Commissioner Secretary Industries & Commerce made a presentation on the draft policy, outlining its broad framework, objectives and the policy formulation process.
Omar Abdullah held detailed discussions on the proposed policy and directed the department to further refine the draft before its finalisation through the prescribed process.
He emphasised the need for a policy that creates a conducive environment for investment while ensuring that its benefits translate into greater opportunities for local entrepreneurs, businesses and employment generation.
The Chief Minister also called for a comprehensive and competitive incentive framework, with focused support for priority sectors and emerging sunrise sectors.
Focus on market access, employment and ease of doing business
The Chief Minister stressed the importance of strengthening market access for local industries and further improving ease of doing business.
He directed that incentives be closely linked to local employment generation and skill development, while emphasising the need for a robust implementation mechanism to ensure effective delivery of the policy’s objectives.
The department was directed to incorporate the discussions and further refine the draft Industrial Policy 2026–35 before it is finalised through the prescribed process.
