<span style="color: #222222;">Jammu and  Kashmir Lieutenant Governor Manoj Sinha held interactions with the Industry leaders in Kolkata yesterday and invited them to invest in the Union Territory. The event was organized by Jammu and Kashmir Trade Promotion Organisation (JKTPO), Department of Industries and Commerce J&K in association with Confederation of Indian Industry (CII) included Industrialists and Investors from Eastern India.<br />''<br />''While discussing about the host of interventions made by the Union Territory Government for creating a sustainable, balanced, progressive and competitive industrial ecosystem in the region, the Lietenant Governor made several important announcements on the occasion. He announced the enhancement of the Industrial Development Scheme outlay to meet the exceeded expectation of investments in Jammu Kashmir.<br />''<br />''Mr Sinha observed that the proposed investment has already reached 31,000 crore rupees and is expected to cross 51,000 crore rupees by the end of the financial year and said that with the response received, the government is enhancing the scheme outlay to meet the demand.<br />''<br />''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, Land Bank is being developed across the UT. The Lietenant Governor announced that the UT Administration is coming up with the rules governing change of land use shortly to facilitate the setting up of business enterprises on private land. He maintained that it will ensure the seamless establishment of business enterprises on private lands and added that the business enterprises coming up on private land shall be entitled to all the incentives as per extant policy and procedure.  <br />''<br />''The Lieutenant Governor said that due to the second wave of COVID and subsequent lockdown, several new industrial units have not been able to come into production within the specified timelines and to redress the issue, he announced that the Administration is mulling to give a one-time extension to such units upto March 31, 2022 for coming into production.<br />''<br />''Mr Sinha said that J&K is on a mission to renovate, reinvent and ready to take a quantum leap to become the fastest-growing region in the country, pushing the targets for economic growth and employment. He observed that the aim of his government is to deepen the trust with the business conglomerate, build the industrial base and strengthen the socio-economic stability. He noted that under the guidance of Prime Minister Narendra Modi and Home Minister Amit Shah, his government worked out a blueprint to unlock investment flows and are in the process of developing a business culture, an industrial ecosystem in J&K that has been missing since Independence.<br />''<br />''Elaborating on the efforts being made by the UT Administration to encourage new investment and to nurture the existing industries, the Lieutenant Governor said that J&K is one of the best destinations in the country for setting up new businesses as of now, with the best incentives and improving infrastructure facilities.</span><br />