A total of 6816.25 kanal of land has been allotted to 213 non-locals across Jammu and Kashmir since 2016, under the J&K Industrial Policy 2016-26 and the new J&K Industrial Land Allotment Policy 2021-30. The land has been allotted to 205 non-locals in the Jammu region and 408.
kanal to eight non-local beneficiaries in the Kashmir division. The government has received 8532 applications through its single window portal, proposing investments worth Rs 169282.22 crore, with the potential to create 6,06,203 jobs. The new J&K Industrial.
Land Allotment Policy 2021-30 (amended version) has also been implemented, with a total of 6505.25 kanal land allotted to 179 non-locals across J&K. Deputy Chief Minister Surinder Kumar Choudhary mentioned 14 policies and schemes that provide financial support, tax benefits, and land for industries.
The New Central Sector Scheme (NCSS) 2021 was launched with Rs 28,400 crore to help industries set up and grow. The government is building 46 new industrial estates in addition to the 64 existing ones, with land for 15,994 additional industrial plots identified for future development.
Jammu and Kashmir (J&K) is set to witness a significant transformation in its industrial landscape, with proposed investments amounting to Rs 1.69 lakh crore. The ambitious investment plan, aimed at boosting economic growth and employment, requires a total of 80,668 kanals (approximately 10,000 acres) of land across the Union Territory.
Investment and Industrial Growth
The J&K administration has received investment proposals across various sectors, including manufacturing, information technology, renewable energy, healthcare, and tourism. The initiative aligns with the government’s vision of making J&K an attractive investment destination and accelerating economic development.
Land Allocation and Development
To facilitate these investments, the government is in the process of identifying and acquiring land parcels across different districts. Authorities have been working to ensure that the land acquisition process remains transparent and follows due legal procedures. The Industrial Development Corporation of J&K is playing a key role in allocating land to industries and ensuring that projects align with environmental and regulatory norms.
Employment and Economic Impact
The proposed investments are expected to generate thousands of direct and indirect employment opportunities for local residents. Key industries such as tourism and IT will provide jobs to the youth, while manufacturing and energy projects will contribute to infrastructure development. The government has also introduced incentives to attract investors, including tax benefits, single-window clearance, and subsidies on capital investments.
Government’s Vision and Policy Support
The J&K administration has been actively promoting business-friendly policies to attract domestic and international investors. Recent reforms in land laws, ease of doing business rankings, and improved connectivity through new highways and rail projects have created a conducive environment for industrial growth. Additionally, J&K’s proximity to major markets and its rich natural resources make it a promising hub for industries.
Challenges and Future Outlook
While the investment proposals mark a major milestone, challenges such as infrastructure development, security concerns, and environmental considerations need to be addressed. The government is taking proactive measures, including policy interventions and investor facilitation programs, to ensure the smooth execution of projects.
As J&K embarks on this new era of industrialization, the proposed Rs 1.69 lakh crore investment is expected to drive sustainable economic growth, enhance employment opportunities, and position the region as a key contributor to India’s industrial progress.
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