SRINAGAR: State government Monday instructed the J&K Industries Limited to quickly execute Rs 50 crore-project for upgrading of the silk factories at Rajbagh and Bemina here.
According to an official handout issued here, the instructions were given to the concerned officials by the minister for the Industries and Commerce, Chander Parkash, in a high-level meeting here.
“This will enable these world renowned entities, which possess huge market potential, become self-sustaining and profit-making hubs,” the handout quoted him as saying.
“…The government’s priority is to generate employment avenues with emphasis on optimum harnessing of state’s potential and skill,” he added.
The minister, as per the statement, said “efforts would be made to rope in internationally reputed experts for revival of Corporations and Industries in the state”.
Referring to scope and potential of furniture and other industries of traditional products, he said “if such units are equipped with advanced infrastructural edifice and expertise can greatly help in generating employment besides occupying a significant place in the industrial world”. He also convened a meeting of J&K Minerals Limited to review its functioning and to work out plans for streamlining of the corporation, it said.
It said he had a detailed review of present status of coal, gypsum, and other mines in the region, stressing on the need of running these projects on commercial lines.