Srinagar, Oct 6: The government is preparing a new industrial policy to rectify past mistakes and benefit the people, Deputy Chief Minister Surinder Chaudhary said on Tuesday.

"The government is bringing a new industrial policy, which is in its final stages. We are bringing a new policy because people were not happy with the previous one," Chaudhary told reporters here.
The DyCM said the government's efforts are to undo any discrimination that occurred under the previous industrial policy, or where a pick-and-choose system was practised.
"Our effort now is to plug those bottlenecks and lapses, open things up, and ensure that people genuinely benefit from the industrial policy," he said.
On the Rs 28,400-crore industrial package announced in 2021, Chaudhary said the business fraternity in Jammu and Kashmir would not be dissatisfied if it had been implemented properly.
"As far as Rs 28,400 crore package is concerned, had it been implemented properly, perhaps the industrialists or chamber members would not be raising these demands today," he said.
The DySM said the Industries and Commerce department is working very hard to incorporate voices from all stakeholders in the new industrial policy.
Asked about the possibility of shutting down sick PSUs, the deputy chief minister said it was not the way to deal with the problem.
"By that logic, should the whole of India be shut down then? Tomorrow, if India incurs a loss, will you shut down India? Or if Jammu and Kashmir incurs a loss, if a financial crunch occurs, will you shut down Jammu and Kashmir?
Chaudhary said there was a need to find the causes for the underperforming PSUs and how they incurred losses.
"The accountability of the officers who drove them into losses must be fixed. The people under whose leadership they went into losses must be held accountable. Therefore, this trend of shutting things down that started in Jammu and Kashmir over the past few years should not continue," he said.