In order to facilitate investments in Union Territory (UT) of Jammu and Kashmir (J< Internal Trade is implementing following Packages for providing incentives to industries in UT of Jammu <II (from 14.06.2002 to 14.06.2017) The Scheme provides (i) Central Capital Investment Incentive (30% of the investment in plant < IGST for 5 years, (vi) Employment Incentive under which additional 3.67% of the employer’s contribution to EPF in addition to Govt. bearing 8.33% Employee Pension Scheme (EPS) contribution of the employer in PMRPY and (vii) Transport incentive on finished goods movement by Railways(20% cost of the transportation), by Inland Waterways Authority (20% of the cost of transportation) < Kashmir.
Further, schemes/projects under Prime Minister’s Development Package are under various stages of implementation. This package comprises of 63 major development projects in Road, Power, Health, Tourism, Agriculture, Horticulture < Skill Development sectors.
Post abolition of Article 370, 160 units have been formally registered in various District Industries Centres with total investment amounting to Rs. 187.28 crore. Further 493 units have also been registered provisionally with an investment of Rs. 836.82 crore.
This information was given by the Minister of Commerce and Industry, Shri PiyushGoyal, in a written reply in the Rajya Sabha today.