The gateway to the Union Territory of Jammu and Kashmir, Kathua district is all set to become a hub of industries for new investors as many business tycoons and entrepreneurs taking advantage of new industrial policy will be establishing new units and generating employment for nearly 60000 youth.
“Investment proposals worth about Rs 18,000 crore have been cleared for Kathua district and the revolution in the industrial sector will generate employment for about 60,000 youth in upcoming industrial establishments,” official sources said.
Sources revealed that industrial centers are coming up in Ghati and Langate belts of the bordering district, adding, “proposals for setting up industries in the private sector are also being approved for new investors and for this the Land Use (CLU) policy has already been facilitated under the new industrial policy.”
Groups like Jindal and Pepsi have also invested and very soon will begin production in Kathua, they said and added, “land has been allotted to many units including Birla Group, Green Lam, Jupiter while proposals from around 300 clusters like Haldiram to Damini are in the pipeline and the land will be allotted soon once the process is completed.”
-The Times Now
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