In a bid to boost industrial growth, the Jammu and Kashmir Administrative Council, headed by Lt Governor G C Murmu, on Friday approved four policies for tourism, captive power, hydro power and renewable energy, and AYUSH care.
The Administrative Council’s decision comes in the backdrop of Global Investors Summit scheduled to be held later in the year to attract investments in the union territory, an official spokesman said.
Focusing on investors and current business organisations, he said the government has announced new policies for facilitating ‘Ease of Doing Business’ in Jammu and Kashmir (J&K).
“Out of the 14 identified focus sectors for Investors Summit, 13 sector policies are being drafted with an addition of one Umbrella Policy 2020 for MSME, large and mega units.
“These sectoral policies provide for integrated development of various sectors to create business environment thereby attracting investors to make gainful investments in J&K and balanced industrial growth at reduced costs leading to creation of employment opportunities, income generation and overall economic development,” he said.
The J&K Tourism Policy-2020 aims to make J&K most preferred all-season tourist destination for domestic and foreign tourists in India by 2025, generate employment opportunities for the people, impart training to around 4,000 tourist service providers over the next 10 years, promote all kind of tourism across the UT, and to promote city-wise events and festivals with a pre-defined calendar and promote the same at national and international level, he said.
The J&K Captive Power Policy-2020 would encourage investment in establishing captive power plants in the union territory (UT).