Rs 14,948 cr private investment in J&K since FY23: J&K Dy CM
Deputy Chief Minister Surinder Kumar Choudhary on Monday said that Jammu and Kashmir has attracted private investment worth Rs 14,948 crore over the past four years, generating employment for 64,515 people in the industrial sector.
Replying to a question by BJP MLA Sunil Bhardwaj in the Legislative Assembly, the Deputy Chief Minister said 1,452 industrial units have been established in Jammu and Kashmir since 2022-23.
He said 629 industrial units were set up in 2022-23 with an investment of Rs 2,153.45 crore, generating employment for 15,719 people. In 2023-24, 234 units attracted an investment of Rs 3,389.37 crore and generated 29,969 jobs, while 405 units in 2024-25 brought in Rs 4,145.59 crore investment, creating 11,396 jobs. During 2025-26, up to December, 184 industrial units attracted Rs 5,260 crore investment and generated employment for 7,431 persons.
Choudhary said the government has formulated multiple policies and schemes to attract private investment in the Union Territory. The Department of Industries and Commerce is implementing several initiatives, including the New Central Sector Scheme (NCSS), 2021, the J&K Industrial Policy 2021-30, J&K Industrial Land Allotment Policy 2021-30, J&K Private Industrial Estate Development Policy 2021-30 and the policy for promotion of foreign investment in the industrial sector in J&K, 2022.
He said the NCSS, 2021, notified by the Government of India for industrial development in Jammu and Kashmir, remained operational from April 1, 2021, to September 30, 2024, to encourage new investments.
Various incentives are being provided under these schemes, including 100 per cent subsidy for purchase and installation of DG sets ranging from 10 KW to 2000 KW, subsidy on automation, pollution control devices and green initiatives. Turnover incentives are also being provided for existing units, along with subsidy for obtaining quality certification and exemption of stamp duty and court fees for units undertaking substantial expansion.
Choudhary said that the government is taking coordinated steps to address investor concerns and create a stable and business-friendly industrial ecosystem in J&K. Industrial estates are being upgraded with improved roads, drainage, water supply, power infrastructure and common facilities, while new estates are also being developed.
