Manoj Sinha
J&K L-G Manoj Sinha now announces Rs 28,000-crore industrial development scheme
Srinagar: The Centre has approved a new industrial development scheme for the Union Territory with a total outlay of Rs 28,400 crore with an aim to promote industry in the interior regions of the UT.
Announcing this Thursday, Lt Governor Manoj Sinha was quoted as saying by The Indian Express the scheme will remain in force from the date of its notification till 2037.
The government, he said, aims to take industrial development in Jammu and Kashmir to the block level.
“The scheme will encourage new investment, substantial expansion and also nurture the existing industries in the Union Territory. It will also provide employment to 4.5 lakh people besides leading to equitable, balanced and sustainable socio-economic development of the region,” the L-G was quoted as saying by the newspaper.
“The scheme will go a long way in ushering in an era of socio-economic development of the region and for catering to the aspirations of people,” he said.
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