SRINAGAR: The government on Monday extended the J&K Industrial Policy formulated in 2004 till March 31 next year.
It also approved transfer of land for establishing the regional branch of Indian Institute of Mass Communication (IIMC) in Jammu besides sanctioning land and a building near Sangarmal City Centre to Srinagar Development Authority (SDA), an official said in a statement.
The official said that the decisions were taken during the cabinet meeting held here under the chairmanship of chief minister Mufti Mohammad Sayeed.
“Extension was accorded to Industrial Policy-2004 notified vide order No: 21-IND of 2004 dated: 27.01.2004 during the cabinet meeting. The policy shall remain in force till 31 March 2016 or till the New J&K Industrial Policy-2015 is notified,” the official said.
Detailing further, he said, the land measuring 35 kanals in village Keran, Tehsil Jammu (North), currently under the possession of Jammu Development Authority (JDA) to the Higher Education department for its further lease to the Union ministry of Information and Broadcasting for the establishment of the IIMC, the official said.
Besides, he added, the cabinet also approved transfer of land measuring 6 kanals and 13 marlas along with one structure belonging to the Estates department, adjacent to the Sangarmal City Centre, to the Srinagar Development Authority (SDA).
He said that the cabinet also accorded sanction to the transfer of Padshahi Bagh Park in Bijbehara to J&K Bank for a period of 10 years. “The bank shall take suitable steps for conservation of the park before work is taken up for its restoration,” he added.