Rs 50 cr invested by entrepreneurs in Industrial estate Kulgam

BK Desk Srinagar:
March 7, 2017 0 Comments STATE 191 Views

An amount of Rs 50 crore has been invested by entrepreneurs in different ventures like agro-industry, soap making, cardboard manufacturing, hollow brick and cement tiles sectors in Industrial Estate Kulgam in south Kashmir.
An official spokesperson here said that district has three industrial estates viz-a-viz Kulgam, Ashmuji and Malwan and various measures are being taken to make them fully functional.
He said Industrial Estate Kulgam is spread over 60 kanals of land having capacity to house 51 industrial units. Industries Department has allocated Rs 3.17 crore to PDD for installation of 6.3 MVA mini receiving station to cater the power supply to the industrial units, he said.
He said that Rs 5.3 crore civil works and Rs 2.7 crore project for power infrastructure in the industrial estate stands already approved.
Meanwhile, District Development Commissioner Kulgam, Showkat Aijaz Bhat directed the R&B Department to conduct a field visit of the Ashmuji Industrial Estate and submit the realignment plan so that civil works could be taken up.
While deliberating upon Malwan industrial estate, the DDC directed the concerned revenue officers to record mutation of the 58 kanals which already stand notified, in the title of Industries Department.
He said that 296 MSE units have been established in the district providing employment opportunities to number of people.
Entrepreneurs have approximately invested Rs 50 crore in different ventures like agro-industry, soap making, cardboard manufacturing, hollow brick and cement tiles sectors. The government provides various incentives including subsidy on raw materials, DG sets, plant and machinery, besides VAT exemption to these income generating units, he added.

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