Jammu, November 17:  The Government of J&K in line with the industrial policy of 2016, has transferred 25000 Kanals of State land to Industries & Commerce Department.

Out of the total land transferred, 17000 Kanals is in Jammu Division whereas 8000 Kanals is in Kashmir Division, the govt. said in a statement

“This land bank consists of non forest, non agricultural primarily barren state land parcels. It has been identified by revenue authorities in consultation with the industry department and shall be put to use for development of Industrial Estates over next few years,” the govt. said..

“With the announcement of Industrial friendly packages by the Government of India the region witnessed a spur in industrial activity across J&K which resulted in creation and expansion of new Industrial Estates at Samba, Udhampur, Rangreth, Khunmoh and Lassipora etc”.

According to the Govt. prior to 2018, the Department of Industries & Commerce has already established 49 Industrial Estates across J&K with total area of 31448 Kanals. This new land bank of approximately 25,000 kanals shall add to these existing industrial estates.

“The land in the Industrial Estates is allotted on lease basis to the units through a proper process laid down in the Industrial Policy to carry out the industrial activity. Out of the new land bank, no land patch has yet been allotted to any entrepreneur as the same is yet to be developed which shall take some time,” the govt. said.

During the last two of years only 453 No of units have been set up on Government land in J&K. These units have been allotted a total of 1371 Kanals of land on lease basis in the Industrial Areas across J&K after following procedure and guidelines as prescribed in the Industrial Policy.