J&K to bring rules to set up business enterprises on private land
The Hindu
Bid to attract ₹51,000 crore investment.
The Jammu and Kashmir Lieutenant Governor’s (LG) administration is all set to bring new rules “to facilitate the setting up of business enterprises on private land” in the Union Territory in a bid to attract ₹51,000 crore investment.
“With the quantum jump witnessed in the proposals received for setting up business enterprises, the demand for land has correspondingly increased, and to meet the growing demand, a land bank is being developed across the UT. The government is coming up with rules governing change of land use shortly to facilitate the setting up of business enterprises on private land,” LG Manoj Sinha said in Kolkata on Tuesday.
He was speaking at an event organised by the Jammu & Kashmir Trade Promotion Organisation (JKTPO) and the UT’s Department of Industries and Commerce in association with the Confederation of Indian Industry (CII).
In the electoral battle for the North East Graduates Constituency of the Legislative Council, Congress MLC Chandrashekar Patil retained the seat by bagging 43,484 votes to defeat his nearest rival Amarnath Patil of the Bharatiya Janata Party by a margin of 4,651 votes. Amarnath Patil secured 38,833 votes.