By HT News Desk
Land in Jammu and Kashmir is witnessing as many as 6,909 applications. Former Sri Lankan spinner Mutiah Muralidaran’s company, Wellspun group and Dubai’s Enaar group have been allotted land, The Indian Express reported.
The allotment of land for these ventures could garner investments worth Rs. 1.23 lakh crore for the Union Territory,officials told IE. These industrial units could potentially generate employment for 4,69,545 people – 2,17,760 in Jammu and 2,51, 785 in Kashmir.
The government is processing 6,909 applications in total as of July 3, using it’s single-window system. As per the report, the Jammu region has invited proposals worth Rs. 81594.87 crore while the Kashmir division has received proposals worth Rs. 41,633.09 crore.
The Jammu division has fewer applications at 1,902, but attracts a larger scale of industrial units, with a total land requirement of 4,935.61 acres. A lot of demand is concentrated in the Kathua district, which has proximity to Punjab and Himachal Pradesh.
The Kashmir valley has 5,007 applications, mostly for small and medium enterprises, with a land requirement of 3,671.98 acres.
Major Players
Doctor Arun Kumar Manhas, Director of Jammu’s Industries and Commerce Department, told IE, that over the past year, Rs. 21,000 crore worth of investments have been made into projects in the Jammu division, including 15 large-scale projects worth Rs. 14,594 crore in Kathua’s Bhagthali Industrial Estate.
This story was originally published in hindustantimes.com. Read the full story here.
