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Jammu and Kashmir Administrative Council okays policies to boost industrial growth

Tuesday, 24 Mar 2020
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In a bid to boost industrial growth, the Jammu and Kashmir Administrative Council, has approved four policies for tourism, captive power, hydro power and renewable energy, and AYUSH care.

The decision comes in the backdrop of Global Investors Summit scheduled to be held later in 2020 to attract investments in the Union Territory. Out of the 14 identified focus sectors for Investors Summit, 13 sector policies are being drafted with an addition of one Umbrella Policy 2020 for MSME, large and mega units.

These sectoral policies provide for integrated development of various sectors to create business environment, thereby attracting investors to make gainful investments in Jammu and Kashmir and balanced industrial growth at reduced costs, leading to creation of employment opportunities, income generation and overall economic development.

The Jammu and Kashmir Tourism Policy 2020 aims to make Jammu & Kashmir most preferred all-season tourist destination for domestic and foreign tourists in India by 2025, generate employment opportunities for people, impart training to around 4,000 tourist service providers over the next 10 years, promote all kind of tourism across the UT and promote city-wise events and festivals with a pre-defined calendar and promote the same at national and international level.

The Jammu and Kashmir Captive Power Policy 2020 will encourage investment in establishing captive power plants in the Union Territory. The Jammu and Kashmir Hydro Power and Renewable Energy Policy 2020 will promote generation of green and clean power using hydro and solar energy, create conditions conducive to the involvement of investor in renewable energy projects, enhance use of solar energy sources that assist in mitigating environment pollution.

The J&K AYUSH Care Investment Policy 2020 aims to realise obligations of Jammu & Kashmir for providing quality AYUSH care services to citizens within a pluralistic system of integrative AYUSH healthcare to ensure availability of healthcare at doorsteps of the common masses.

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