No industrialist entitled to buy land, can only apply for lease
As a part of investors summit that is likely to take place by April end, Jammu Kashmir government has identified 7000 kanal of land to facilitate outside industrialists to set up their units in the Valley.
According to the government, in Khanmoh and Ganderbal area 1000 kanal each of land has been earmarked for the establishment of industrial estates.
Similarly, in Bandipora, around 1250 kanal have been procured and in Kupwara 1200 kanal have been identified. In Anantnag, 2000 kanal have been earmarked while in Kulgam around 600 kanals of land have been indentified for setting up new units.
On February 5, the administrative council under the chairmanship of Lieutenant Governor (LG) G C Murmu accorded sanction to the transfer of over 13,665 kanal of government land for establishment of industrial estates at the identified locations in 10 districts of Jammu Kashmir.
The districts include Kulgam, Kupwara, Anantnag, Baramulla, Bandipora, Srinagar, Ganderbal, Budgam, Pulwama and Udhampur in Jammu region.
Director Industries and Commerce, Mehmood Shah said after the survey conducted under the supervision of Divisional Commissioner Kashmir, the government has procured 7000 kanal of land in the Valley.
Refuting some media reports that 50,000 acres land had been procured to establish new industrial units, he said it was not possible to earmark such vast land in such a small place.
Shah said, as per the protocol, no industrialists are entitled to buy land but they could only apply to lease the land to establish their business units.
“There is no provision under which an industrialist can buy land be it an outsider or a domestic one. The government can only lease out the land,” Shah said.
The government has identified 14 sectors to invite companies across the world for investment.
The sectors where government is seeking investment includes tourism, agro and food processing, manufacturing, IIT and IT, health and pharmaceuticals, skill development, milk, poultry and wool, infrastructure and real estate, herbal and medicine plants, film sector, renewable energy, agriculture and mulberry, handloom, handicrafts and horticulture.
Shah said there was a potential for investors to invest in education and health sector.
Ahead of hosting the first-ever investors summit, government has constituted six teams that would hold road shows in all the metropolitan cities in India to lure potential businessmen to invest in the Valley.
The teams have already visited Bengaluru, Kolkata, Mumbai, and are scheduled to visit Hyderabad, Chennai, and Ahmedabad from next week.