Four sectoral policies for Power, Tourism, Captive Power & AYUSH approved to boost Industrial growth in JK
Captive Power Policy provides Open Access
JAMMU, MARCH 20: In a significant decision to boost sector-wise industrial growth in Jammu & Kashmir, the Administrative Council which met under the chairmanship of Lieutenant Governor, G C Murmu approved adoption of J&K Tourism Policy-2020, J&K Captive Power, Hydro Power & Renewable Energy Policy-2020, and J&K AYUSH Care Investment Policy-2020 for Jammu & Kashmir.
The Administrative Council decision is in the backdrop of Global Investors Summit scheduled to be held later in the year in J&K to attract investors to make gainful investments in these sectors.
Focusing on investors and current business organisations, the Government of Jammu & Kashmir has announced new policies for facilitating Ease of Doing Business in the region. Out of 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 provides 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.
The Jammu & Kashmir Tourism Policy-2020 aims at making 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 4000 tourist service providers over the next ten years, promote all kind of tourism across the UT, and to promote city wise events and festivals with a pre-defined calendar and promoting the same at national and international level.
The Jammu & Kashmir Captive Power Policy-2020 shall encourage the investment in establishing of Captive Power Plants in the Union Territory. This will not only enable the industrialists to cater their load demand as and when required but will also enable them to sell surplus power in the grid, adding to the total installed capacity through captive generation and will further strengthen the process of industrial development.
The move will be a step towards bridging the gap between supply and demand as a march towards supplying 24X7 quality power to industrialists.
The Jammu & Kashmir Hydro Power & Renewable Energy Policy-2020 shall promote generation of green and clean power in J&K using Hydro and Solar Energy, create conditions conducive to the involvements of investor in renewable energy projects, enhance the use of solar energy source that assist in mitigating environmental pollution, create an appropriate investment climate that could leverage the Clean Development Mechanism, encourage public-private partnerships and joint ventures to mobilize investments in renewable energy projects, promote investment, employment generation and skill enhancement in the renewable energy sector, creation of environmental consciousness among citizen besides, reduce dependency on fossil fuels for energy security and sustainability.
The Jammu & Kashmir AYUSH Care Investment Policy-2020 aims to realize the obligations of J&K for providing quality AYSUH care services to its citizens within a pluralistic system of Integrative AYUSH Healthcare, so as to ensure availability of Healthcare at the doorsteps of the common masses. It also aims at promoting medicinal plants sector in J&K to conserve, market and process the medicinal plants for establishing herbal industries in J&K.
Earlier, the Administrative Council in its last meeting approved adoption of four sectoral policies for Wool-Processing and Handloom/Handicrafts; Pharmaceutical; Education and Poultry sectors for Jammu & Kashmir.
