In a significant decision to boost sector-wise industrial growth in Jammu & Kashmir, the Administrative Council which met under the chairmanship of Lieutenant Governor, G C Murmu approved adoption of J&K Tourism Policy-2020, J&K Captive Power, Hydro Power & Renewable Energy Policy-2020, and J&K AYUSH Care Investment Policy-2020 for Jammu & Kashmir.
The Administrative Council decision is in the backdrop ofGlobal Investors Summit scheduled to be held later in the year in J&K toattract investors to make gainful investments in these sectors.
Focusing on investors and current business organisations,the Government of Jammu & Kashmir has announced new policies forfacilitating Ease of Doing Business in the region. Out of 14 identified focussectors for Investors Summit, 13 sector policies are being drafted with anaddition of one Umbrella Policy 2020 for MSME, Large and mega units.
These sectoral policies provides for integrated developmentof various sectors to create business environment thereby attracting investorsto make gainful investments in J&K and balanced industrial growth at reducedcosts leading to creation of employment opportunities, income generation andoverall economic development.
The Jammu & Kashmir Tourism Policy-2020 aims at makingJ&K most preferred all-season tourist destination for domestic and foreigntourists in India by 2025, generate employment opportunities for the people,impart training to around 4000 tourist service providers over the next tenyears, promote all kind of tourism across the UT, and to promote city wiseevents and festivals with a pre-defined calendar and promoting the same atnational and international level.
The Jammu & Kashmir Captive Power Policy-2020 shallencourage the investment in establishing of Captive Power Plants in the UnionTerritory. This will not only enable the industrialists to cater their loaddemand as and when required but will also enable them to sell surplus power inthe grid, adding to the total installed capacity through captive generation andwill further strengthen the process of industrial development.
The move will be a step towards bridging the gap betweensupply and demand as a march towards supplying 24X7 quality power toindustrialists.
The Jammu & Kashmir Hydro Power & Renewable EnergyPolicy-2020 shall promote generation of green and clean power in J&K usingHydro and Solar Energy, create conditions conducive to the involvements ofinvestor in renewable energy projects, enhance the use of solar energy sourcethat assist in mitigating environmental pollution, create an appropriateinvestment climate that could leverage the Clean Development Mechanism,encourage public-private partnerships and joint ventures to mobilizeinvestments in renewable energy projects, promote investment, employmentgeneration and skill enhancement in the renewable energy sector, creation ofenvironmental consciousness among citizen besides, reduce dependency on fossilfuels for energy security and sustainability.
The Jammu & Kashmir AYUSH Care Investment Policy-2020aims to realize the obligations of J&K for providing quality AYSUH care servicesto its citizens within a pluralistic system of Integrative AYUSH Healthcare, soas to ensure availability of Healthcare at the doorsteps of the common masses.It also aims at promoting medicinal plants sector in J&K to conserve,market and process the medicinal plants for establishing herbal industries inJ&K.
Earlier, the Administrative Council in its last meetingapproved adoption of four sectoral policies for Wool-Processing andHandloom/Handicrafts; Pharmaceutical; Education and Poultry sectors for Jammu& Kashmir.