Srinagar, June 26: To rejuvenate industrial activities in the state, J&K State Industrial Development Corporation has been proposed to prepare Vision Document 2025.
 The Vision Document will focus on identification and promotion of SSI and major projects in the state in tandem with various incentives/schemes offered by the government of India in the liberalized economic environment.
 This was revealed at the 132nd Meeting of Board of Directors of J&K SIDCO today. The meeting was held at Civil Secretariat, here under the Chairmanship of Minister for Industries and Commerce, S S Slathia.
 The meeting was informed that in view of the change in industrial scenario and resource profile of J&K, and to rejuvenate industrial activities in the state, Vision Document 2025 was proposed to be prepared by J&K SIDCO.
 The meeting was also attended by senior government officials and representatives of traders’ bodies.
 The board reviewed the progress on various industrial infrastructure projects undertaken by the J&K SIDCO. It also reviewed the progress of work for development of new industrial estates at Ghathi, Kathua and Budgam, Ompora, an official statement said.
 The board was informed that the SIDCO had been nominated as Mission Directorate by the state government as well as the Union Ministry of Food Processing for implementation of the various financial assistance schemes under the Food Processing Mission. This would give boost to the promotion of Food Processing industries in the state, it said.
 Managing Director SIDCO informed the Board that the corporation had earmarked about 150 kanals of land at upcoming Industrial Estate Ompora for establishment of an Information Technology Park to be set up by the J&K e-governance agency in association with SIDCO.
 The Board was also informed that IT related industrial shed in IT Park Rangreth had been utilized fully and a number of IT units were functioning in the said park.
 It was also revealed that software experts with an annual turnover of more than Rs 5 cr was being achieved by the various IT units in IT Parks.
 Slathia emphasized the need for judicious land use in the Industrial Estates of the state due to the scarcity of land. It was decided that modular industrial flats shall be constructed in various Industrial Estates.
 Slathia issued instructions for immediate retrieval of unutilized allotted land so that the same can be offered to prospective entrepreneurs “being in queue for allotment of land.”

Lastupdate on : Tue, 26 Jun 2012 21:30:00 Makkah time
Lastupdate on : Tue, 26 Jun 2012 18:30:00 GMT
Lastupdate on : Wed, 27 Jun 2012 00:00:00 IST