‘Nearly ₹60,000 cr investment proposals pending clearance’
Jammu: Jammu and Kashmir is witnessing a major industrial upswing, with ₹25,000 crore worth of investment projects currently in progress, ₹10,000 crore worth already completed and operational, and nearly ₹60,000 crore in proposals awaiting clearance, Lieutenant Governor Manoj Sinha revealed on Monday.
Addressing the Mega Job Fair–2025 at Padma Shri Padma Sachdev Government PG College for Women, Gandhi Nagar, LG said the industries had availed the benefits of Rs 28,400 cr worth incentives under New Industrial development scheme in just two and a half years.
“Rs 25,000 crore worth of investment plans are currently at various stages of implementation. Projects worth Rs 10,000 crore have been completed and have commenced production. The remaining Rs 15,000 crore worth of projects, presently at different stages, will start this year.
“Nearly, Rs 60,000 cr worth proposals are pending. These have been stalled due to some reasons, and I hope a decision will be made on them in the near future,” the LG further said.
He also attributed the exponential growth registered in the employment generation and entrepreneurship sector in J&K to the dedicated efforts of all stakeholders.
He highlighted their crucial role in successfully implementing schemes and programs like PM’s Employment Generation Programme (PMEGP), Rural Employment Generation Programme (REGP), Hausla, Tejaswini, Mumkin, and Mission Youth, along with other initiatives focused on youth empowerment and livelihood generation.
Interacting with the representatives of the participating companies, the LG highlighted that efforts are being made to provide youth with employment opportunities. He said the new Industrial policy has emphasised on employment to local youth on priority.
“Atomic North Private Limited has established a BPO in a village in Kathua, providing employment to approximately 375 youths. The company has a potential to employ up to 1000 youth. I have urged them to start a BPO in Udhampur. JSW Group is also bringing a BPO to Jammu,” he further said.
He also extended his felicitations to the companies that participated in Mega Job Fair and conveyed his best wishes to the selected candidates.
“Cluster University’s job fair aims to bridge the gap between education and employment. It will provide an opportunity to our young generation to showcase their skills and empower them to start their careers so they can effectively contribute in building Viksit Jammu Kashmir and Viksit Bharat,” LG said.
“Employment generation, self-employment through entrepreneurship and improving employability of the youngsters through educational transformation has been our top priority. Our efforts to attract industries in J&K since 2021 have helped in connecting young job seekers directly with employers,” LG said.
