Govt modifies Industrial Policy 2016

New Industrial policy
New Industrial policy

Srinagar: The Government today ordered modification of Industrial Policy-2016 with the deletion of controversial para 2.11.2 from the said policy.

“In partial modification of Government Order No. 58-IND of 2016 dated 15.03.2016, para 2.11.2 of Industrial Policy-2016 shall be deemed to have been deleted ab-initio and shall be read as; Private promoters only from the State (including local industrial associations) shall be allowed and encouraged to develop private industrial estates/parks on commercial lines on activity-specific cluster basis over an area of at least 5 acres. In case of IT Parks, the minimum requirement will be 2 acres for housing IT units in flatted accommodation,” said an order issued by the Commissioner/Secretary Industries and Commerce Department this evening.

It further said while the Government will go all out to attract investment in Industrial Estates or elsewhere in the state by providing an enabling environment and incentives, it will be ensured that these are governed by and are in compliance of J&K’s existing administrative practice, regulatory norms and the Constitution of J&K. (GNS)

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