JK to have its ‘startup policy’ soon

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‘Policy to foster entrepreneurship, promote innovation’

PAMPORE: To give flip to the establishment of enterprises across the state of Jammu and Kashmir, a three-member team from ‘Invest India’ on Tuesday met Principal Secretary to J&K Government, Industries and Commerce Department, Shailendra Kumar in presence of Director Jammu and Kashmir Entrepreneurship Development Institute (JKEDI), Dr M I Parray and to take further necessary steps required in entrepreneurship scenario in J&K.
Invest India is the national investment promotion and facilitation agency of India.
It was informed during the meeting that in line with the ‘Startup India Policy’ of the Government of India, a comprehensive startup policy for the state of Jammu and Kashmir shall be prepared which will further boost the establishment of business enterprises, an official release read.
“The policy shall aim to foster entrepreneurship and promote innovation by creating an ecosystem that is conducive for the growth of startups,” it read. Incubation centres across the colleges and universities of the state shall be established under this policy, it further read.
It was further decided that an Intellectual Property Rights (IPR) facilitation centre shall also be established at JKEDI. A startup yatra covering all the three regions of the state – Jammu, Kashmir and Ladakh shall be held on August 27 and would include college students, budding and established entrepreneurs and innovators as well. In addition, boot camps shall be organised across the state of Jammu and Kashmir, read the release.
A first of its kind incubation centre has been approved for J&K under Atal Innovation Mission (AIM) and is coming up at JKEDI, it added.