SRINAGAR: The Apex Committee of Industries and Commerce Department has cleared an industrial investment proposal of Rs 5,300 crore in the state, besides designating 13,000 kanals of land for development of new industrial estates in the state.
This was stated during a review meeting of the Industries and Commerce Department (I&CD) chaired by Advisor to the Governor, BB Vyas. Principal Secretary, Industries and Commerce Department, Shailendra Kumar gave a detailed presentation at the meeting about the functioning of different directorates of the department.
Speaking at the meeting, Vyas stressed on promoting balanced industrial growth leading to creation of employment opportunities for local skilled and educated youth.
For the promotion and securing of local brands particularly in Art and Craft industry, Vyas called for Brand Promotion of Handicrafts, bringing in more crafts under GI, mandatory tagging of handmade crafts with GI certification, End-to-End development of Pashmina products, diagnostic survey of Artisans, and formation of handloom/handicraft cluster at district level.
Pitching for providing better marketing support to local artisans, Vyas directed for establishment of craft villages, organizing/participation of international exhibitions, and e-commerce platform for J&K handloom/handcraft.
Shailendra Kumar presented a revival plan for sick and ailing units, which included JK Handicrafts Corporation, JK Handloom Development Corporation, JK Cements Limited (JKCL), JK Minerals Limited, JK Industries Limited, and JK KVIB.
A detailed discussion was held regarding their assets, causes of production decline, marketing and budgetary support plan, besides innovative roadmaps for turning them into profit making assets. The meeting was informed about the revenue and CAPEX budget status of these corporations.
The meeting was also informed that by the end of this year, silk factory Jammu, filature units of Kashmir & Jammu (5), spinning mill of Srinagar would be made functional.
Regarding the JKCL, the meeting was informed that for the first time the annual turnover is expected to touch Rs 150 crore through enhanced production of 850 MT.
Similarly, the Advisor was informed that handloom wool production under JK Handlooms Corporation would reach to the level of 1 lakh meter per annum.
Similarly, the Samba factory is expected to produce 2.65 lac meters of cotton, the meeting was informed.
Highlighting the achievements of the department, Shailendra said that exploitation of Parlanka Gypsum Mine has been started. The mine has a reserve of 10 million tonnes with estimated value of Rs 850 crore at current prices.
Body of suspected Pakistani intruder found near LoC in JK
Jammu: The body of an unidentified man, suspected to be a Pakistani intruder, was found near the Line of Control (LoC) in Jammu and Kashmir’s Rajouri district, the police said on Tuesday.
The body of 30-year-old man was found lying in Nowshera sector’s Sair village on Monday, a police officer said.
Some Pakistani currency, a pocket diary and a few cigarettes of Pakistan make were recovered from the deceased, he added.
It is believed that the deceased might have come in contact with live wire while crossing over to this side of the LoC, resulting in his death, the officer said.
The police said the body was laid to rest after completing the legal and medical formalities.