8,306 new investment proposals worth 1.63 lakh crore received
Jammu: The Jammu and Kashmir’s industrial sector has witnessed remarkable growth, with 1,984 units coming into production since 2019, bringing in an investment of ₹9,606.46 crore and generating employment for 63,710 individuals.
The latest Economic Survey Report 2024-25, revealed that in the ongoing FY 2024-25, 334 new industrial units have become operational, attracting an investment of ₹2,977 crore and creating jobs for 8,443 people up to December 2024.
This surge in industrial activity aligns with the government’s focus on sustainable, equitable, and environmentally friendly industrial growth, as outlined in the J&K Industrial Policy 2021-30.
To further boost industrialization, the Government of India launched the New Central Sector Scheme (NCSS) in 2021, with an outlay of ₹28,400 crore, offering incentives such as Capital Investment Incentive, GST Linked Incentive, and Working Capital Interest Subvention.
The scheme has received an overwhelming response, with 971 projects worth ₹10,471 crore approved for registration, leading to the creation of 51,897 jobs.
Additionally, J&K has received 8,306 new investment proposals amounting to ₹1.63 lakh crore, which are expected to generate employment for approximately 5.90 lakh individuals, requiring 79,137 kanals of land for industrial expansion.
To accommodate these ventures, 46 new industrial estates are being developed, with leading public sector undertakings like NBCC, IRCON, and CPWD handling infrastructure development.
