"The State Administrative Council (SAC) which met here today under the chairmanship of Governor NN Vohra approved the Industrial Policy-2016 formulated by the Industries and Commerce Department," an official spokesman said.

He said the policy will remain effective up to March 31, 2026. The new Policy has been formulated after thorough discussion with all the stakeholders and having concurrence of the Finance, Planning and Development, Power Development, Forest and Law, Justice and Parliamentary Affairs Departments, he said.

He said that on the instructions of the Governor, most forward looking steps have been incorporated in the new policy to ensure ease of doing business to achieve the targets of "Make in India programme".

A procedure has been laid out in the "Ease of Doing Business" for registration of industrial units within a time-bound manner through e-governance interface.

Latest News from Jammu and Kashmir News Desk