Administrative Council approves development of 7 New Industrial Estates
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Administrative Council approves development of 7 New Industrial Estates

Post by RK Online Desk on Thursday, February 22, 2024

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Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, Manoj Sinha, accorded administrative approval for the development of seven new Industrial Estates in the UT of J&K spread over 5290 kanals of land for an amount of Rs. 304.51 Crores .

Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor; Atal Dulloo, Chief Secretary; Mandeep Kumar Bhandari, Principal Secretary to Lieutenant Governor attended the meeting.

The estimated investment in these seven new Industrial Estates is Rs. 8700.16 Crores with employment potential of 28376 persons. These 7 new Industrial Estates are situated at Banderpora Budgam, Sempora Medicity, Srinagar, Bhagthali, Kathua, Karandi, Samba, Trenz, Shopian, Hariparigam Tral Pulwama and Khunmoh, Pantha Chowk Srinagar.

New Industrial Estate Banderpora Budgam involving 64 kanals of State Land shall be developed at an estimated cost of Rs. 22.74 crore by IRCON. The Project would attract investment to the extent of Rs. 78.12 Crore and generate 735 employments.