J&K’s new industrial policy – 2021 comes into existance from April 1, 2021

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Jammu: The Jammu and Kashmir government on Monday accorded sanction to the adoption of new Industrial Policy for the Union Territory.

The policy will remain in force from 2021 to 2030, an official statement here said, adding that all industrial units coming into commercial production April 1, 2021, the date for implementation of the policy, shall be entitled to avail incentives as provided under the industrial policy.

All existing units and existing units undertaking substantial expansion shall be entitled to incentives provided under the policy, it said, adding that the existing units eligible for incentives under the erstwhile Industrial Policy 2016 shall be allowed to avail the same under the Industrial Policy 2016 till March 31, 2026.