India’s GDP Grows 5.4% In Q3; Remains World’s Fastest Growing Major Economy

New Delhi- India's economic growth slowed to 5.4 per cent in the third quarter of 2021-22 but higher than China's GDP expansion of 4...

Centre’s Fiscal Deficit Touches 58.9 Pc Of Full Year Target At End-Jan

New Delhi- The central government's fiscal deficit at end-January worked out at 58.9 per cent of the annual budget target for 2021-22, according to...

MoU Signed To Showcase Sector-Wise Opportunities To Investors In J&K

Jammu- A memorandum of understanding (MoU) was signed between Jammu and Kashmir Trade Promotion Organization (JKTPO) and Ladakh Jammu and Kashmir Economic Growth and Development...

Real Estate: 50% Stamp Duty Remission for 1st-time Buyers in J&K

Jammu: In a significant move, the Administrative Council (AC), which met under the chairmanship of Lieutenant Governor, Manoj Sinha, approved the remission of fifty...

Moody’s Ups India’s Growth Forecast To 9.5% For 2022; Flags High Oil Prices, Supply...

New Delhi- Moody's Investors Service on Thursday raised India's growth forecast to 9.5 per cent for the calendar year 2022 and to 8.4 per...

Govt Okays Policy For Promoting Foreign Investment In J&K

Jammu- In a significant decision, the Jammu and Kashmir government on Wednesday approved the policy for promotion of foreign investment in the industrial sector...

J&K Preferred Destination For Industrial Investments, Films: LG

Jammu- Asserting that Jammu and Kashmir has become one of the preferred destinations for industrial investment, tourism, film industry and real estate sector, the...

J&K Admin Working On Dairy Development To Double Farmers’ Income

Srinagar- To double farmers' income, the Jammu and Kashmir government is working on several schemes on dairy development in the union territory, officials said...

FM Sitharaman Asks Banks To Be More Customer-Friendly

Mumbai- Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit...
Jammu, Feb 22 (PTI) The Jammu and Kashmir administration has approved the setting up of seven new industrial estates at a cost of Rs 304.51 crore, an official spokesperson said on Thursday. The estimated investment in these industrial estates, spread over 5,290 kanal across six districts, is Rs 8,700.16 crore with employment potential of 28,376 people, the spokesperson said. He said the administrative approval for the development of seven new industrial estates was accorded by the administrative council that met here under the chairmanship of Lt Governor Manoj Sinha. The seven new industrial estates will be developed at Sempora Medicity and Khunmoh-Panthachowk in Srinagar, Banderpora in Budgam, Bhagthali in Kathua, Karandi in Samba, Trenz in Shopian, and Hariparigam Tral in Pulwama. The new industrial estate at Sempora on 517 kanal of state land shall be developed by IRCON at an estimated cost of Rs 22.60 crore, and the project will attract an investment of Rs 1,825.45 crore, having an employment generation potential of around 11,643. The industrial estate at Khunmoh, Pantha Chowk, on 600 kanal of land shall be developed at an estimated cost of Rs 45.36 crore by IRCON, he said, adding the project will attract investment of Rs 465 crore and has employment potential of around 355. He said the industrial estate at Bhagthali, Kathua, on 2,949 kanal shall be developed at an estimated cost of Rs 83.13 crore by NBCC. The project will attract an investment of Rs 4,599.89 crore and has employment potential of around 8,278, the spokesperson said.

JKIP-2021-30 To Transform J&K From ‘Aspirational’ To Industrially Advanced’ Region

SRINAGAR- The hallmark of any developed region is the fine balance between manufacturing, services and agriculture sectors. The industrial landscape of the UT of...