Srinagar, Mar 15: The administration of Jammu & Kashmir has informed a parliamentary panel that it has received investment proposals worth Rs 45411 crore.

In its report, the parliamentary panel on Ministry of Home Affairs (MHA) has revealed that it was apprised by the administration of J&K UT that it has received 4187 applications for allotment of land as on January 31, 2022 with proposed investment of Rs 45411 crore.

According to the report the administration has informed the panel that it has received 990 online applications in Jammu division for allotment of land, with proposed investment of Rs 24727 crores.

The panel, as per the report, was informed that it has received 3197 online applications for land allotment in Kashmir Valley with proposed investment of Rs 20684 crore.

Detailing the steps taken to boost investment in J&K, the administration told the panel that new central sector scheme for industrial Development of J&K (NCSS), with an outlay of ₹28,400 crore, was launched.

It also informed the committee that Jammu and Kashmir Industrial Policy 2021-30 was unveiled to attract new investment, create employment opportunities, focus on development of backward regions and nurturing existing units.

“The policy provides many incentives with enhanced ease of doing business procedures, with least human interface,” reads the report.

The committee was also apprised about J&K Industrial Land Allotment Policy 2021-30, which is aimed to streamline the process of land allotment for industrial use.

“All the land allotment is done online in a transparent and time-bound manner by designated land allotment committees on set criteria,” the report states.