AMMU, Feb 22: The Administrative Council, chaired by Lieutenant Governor Manoj Sinha, has given the green light for the development of seven new Industrial Estates in the Union Territory of J&K, spanning a vast 5290 kanals of land with an investment of Rs. 304.51 Crores.In attendance at the meeting were Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor; Atal Dulloo, Chief Secretary; and Mandeep Kumar Bhandari, Principal Secretary to the Lieutenant Governor.These new Industrial Estates, strategically located across the region, aim to attract substantial investments and generate employment opportunities. The estimated total investment in these estates is Rs. 8700.16 Crores, with the potential to employ 28,376 individuals.The seven Industrial Estates include Banderpora Budgam, Sempora Medicity in Srinagar, Bhagthali in Kathua, Karandi in Samba, Trenz in Shopian, Hariparigam Tral in Pulwama, and Khunmoh in Pantha Chowk Srinagar. Banderpora Budgam: Spread across 64 kanals of State Land, this estate will be developed at an estimated cost of Rs. 22.74 Crore by IRCON, attracting an investment of Rs. 78.12 Crore and generating 735 employments.Sempora Medicity, Srinagar: Covering 517 kanals of State land, this estate will be developed at an estimated cost of Rs. 22.60 Crore by IRCON, with an investment of Rs. 1825.45 Crore and employment potential of around 11,643.Bhagthali, Kathua: Encompassing 2949 kanals of State Land, this estate will be developed at an estimated cost of Rs 83.13 Crore by NBCC. It is projected to attract an investment of Rs. 4599.89 Crore and has employment potential of around 8278.Karandi, Samba: Spanning 460 kanals of State/Private land, this estate will be developed at an estimated cost of Rs. 34.45 Crore by NBCC, with an investment of Rs. 756.89 Crore and employment potential of around 3965.Trenz, Shopian: Covering 500 kanals of State land, this estate will be developed at an estimated cost of Rs. 68.06 Crore by NBCC, attracting an investment of Rs. 850 Crore and having employment potential of around 900.Hariparigam Tral, Pulwama: Encompassing 200 kanals of land, this estate will be developed at an estimated cost of Rs. 28.17 Crore by NBCC, with an investment of Rs. 124.81 Crore and employment potential of around 2500.Khunmoh, Pantha Chowk Srinagar : Spanning 600 kanals of land, this estate will be developed at an estimated cost of Rs. 45.36 Crore by IRCON, attracting an investment of Rs. 465 Crore and having employment potential of around 355.This strategic move is poised to contribute significantly to the economic development of J&K by fostering industrial growth and creating job opportunities across diverse sectors.
J&K’s Industrial Landscape Set to Expand: Administrative Council Approves Seven New Industrial Estates
