CM lays foundation of industrial estate

CM lays foundation of industrial estate

Inaugurates Rs 8.50 cr ‘modernized’ Pampore Joinery Mills

SRINAGAR: Chief Minister, Mehbooba Mufti on Wednesday laid the foundation stone of industrial estate at Wyun (Pampore) which would be developed by SICOP at an estimated cost of Rs. 29.31 crore.
According to an official press note issued here, the industrial estate would be set up over an area of 272 kanals of land which would make up for 149 units and it would be part of a larger institutional area being developed there. This has been done by the state government to address the unit holding issues of young entrepreneurs and to ensure single window marketing facility for their products.
On the occasion, representatives of business community also met the chief minister. They thanked her for smoothening the process of granting NoC (no objection certificate) for setting up of industrial units in the state and also for her directions to set up a land bank in the state while demanding early notification of procedures under SGST.
A deputation of local Auqaf committee also met the chief minister and sought development of a playfield on a nearby piece of land and augmentation of the local health centre, the press note read.
Mehbooba Mufti also inaugurated the modernized Pampore Joinery Mills which has been accomplished at a cumulative cost of Rs. 8.50 crore. Under the modernization project latest machinery has been installed to improve the quality and quantity of the produce and it is expected that after this the joinery mills would be making an annual profit of Rs. 5.33 crore during the second year of operation. The modernization project has been completed in record time of 18 months, the press note further read.
The chief minister went round various units of the joinery mills and inaugurated the showroom. She evinced keen interest in the wood works put on display and directed proper and creative designing of the products.
She also met deputations of several employees of various corporations and sought their feedback.

 

 

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