Jammu, Feb 3: In a bid to give fresh impetus to the handicrafts in J&K, the Centre has released Rs 10.50 crore for modernization of 2000 traditional carpet looms.
This was stated by the Minister for Industries and Commerce, S S Slathia while chairing a high level meeting with the members of the Kashmir Chambers of Commerce and Industries (KCCI) held here today to discuss future strategies for promotion of Trade and Industry in the State.
The KCCI was led by its President, Abdul Hamid Punjabi whereas Commissioner/Secretary, Industries and Commerce, Umang Narula, Managing Director SICOP, R K Razdan, Managing Director SIDCO, M Mauzam, Managing Director JKI, Javed Iqbal, Director Handicrafts Department, Muzaffar Hussain, Director Handloom Development Department, Chandra Gupta and other concerned were also present in the meeting.
While responding to the suggestions of the KCCI, the Minister said that the State Government will shortly initiate the process to workout modalities for implementation of the revival package for sick industries under PM’s Task Force Programme.
He said Centre has already agreed to provide corpus fund of Rs 100 cr for the purpose whereas state’s matching share will be Rs 100 cr.
“This package will go a long way in giving fresh impetus to the Industrial activities in the state,” Slathia said, adding that the package shall be implemented through J&K Development Financial Corporation.
He asked the officers of the Industries and Commerce department to undertake ground work for implementation of this revival package.

Lastupdate on : Fri, 3 Feb 2012 21:30:00 Makkah time
Lastupdate on : Fri, 3 Feb 2012 18:30:00 GMT
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