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J-K asks Centre to extend the industrial Package

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Press Trust of India Srinagar

"The state government is persuading the Centre to extend the existing industrial package for further some years so that local entrepreneurs could be benefited", Industries and Commerce Minister S S Slathia told reporters here.

Maintaining that investment by local entrepreneurs is the key to sustainable industrialisation in the state, the minister said, every possible assistance under the Central and State Industrial policies are available to the entrepreneurs for venturing into the industrial sector.

"Government attaches primary significance to the investment by locals in industries, apart from encouraging investments from big corporate houses of the country," Slathia said.

The minister said involvement of more local entrepreneurs was much more important than banking wholly and solely on outside investments for brining rapid industrialisation to the state.

 

Urging the educated youths to take up industrial ventures for earning a dignified livelihood, he said, the state's industrial policies with their package of incentives to entrepreneurs was the best in the country.

  

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First Published: May 07 2012 | 4:35 PM IST

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