SRINAGAR: The State Administrative Council (SAC) headed by Governor NN Vohra has approved the J&K Trade & Export Policy (2018-28), which has been drafted by the J&K Industries and Commerce Department in consultation with various stakeholders.
“The Trade & Export Policy is aimed at assisting J&K in carving a place for itself in the national economy and a niche market for its products at the national and international levels,” said Shailendra Kumar, Principal Secretary, Industries & Commerce.
He said that the private sector will be the lead stakeholder in the new endeavour. “The government’s role would be only that of an enabler and facilitator in this process,” he said.
Kumar said the new policy will facilitate enhancing the state’s domestic trade volume to five times from its present level in the next 10 years. It will facilitate more investment in enterprises, help increase share of trade & commerce in the state GDP by at least 3% in next 5 years, and add to per capita income in the state as also raise the state’s share in Gross National Export from the existing 0.05% to 2% in next 5 years.
Kumar said the policy would also help boost organic cultivation and certification, develop J&K as a favoured tourism destination, and encourage private sector in creation of tourism infrastructure.
He said as a part of the policy, the government would support establishment of world-class warehouses/distribution centres/logistics parks/dry ports by allotting land and providing incentives. “It would also facilitate better road, rail and air connectivity to and from the state, besides developing communication & logistics infrastructure,” he said.
Regarding branding of local products in the global markets, Kumar said efforts are on to get Srinagar City included in the UNESCO Creative Cities network under the category of Crafts & Folk Art. He said 180 cities make up this network at present.