STATE TIMES NEWSJammu: The Centre on Tuesday amended the Jammu and Kashmir Development Act, 1970 for setting up an industrial development corporation for rapid establishment, growth and development of industries in the union territory.The amendment to the Act was made through a notification issued by the Ministry of Home Affairs, which inserted a new chapter in the law for setting up the Jammu and Kashmir Industrial Development Corporation.According to the notification, the Jammu and Kashmir Industrial Development Corporation will be set up for the purposes of securing and assisting in the rapid and orderly establishment, and organisation of industries in industrial areas and industrial estates in the union territory. It will also help in establishing commercial centres in connection with the establishment and organisation of such industries.The corporation shall acquire and hold such property, both movable and immovable, for the performance of any of its activities, and to lease, sell, exchange or otherwise transfer any property held by it on such conditions as may be deemed proper, the notification stated. It will establish and manage industrial estates, develop industrial areas and make them available for undertakings to establish themselves.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Anti-inflammation drug may effectively treat COVID-19 complications in children: Study
Apple previews new software for iPhone, other gadgets
World No Tobacco Day : Quit smoking to lead a healthy life
Oxford/AstraZeneca vaccine 80 per cent effective against B1.617.2 variant: UK study
World Hypertension Day : Measure Your Blood Pressure, Control It, Live Longer
Govt open to more measures to boost economy: CEA
Sebi bars PNB Housing shareholders from voting on Rs 4,000 cr-Carlyle deal
Rupee falls 15 paise to 74.23 against US dollar in early trade
Gold plunges Rs 861; silver tanks Rs 1,709
Rupee slips 33 paise to 73.65 against US dollar in early trade
Download 10Cric Casino app, and enjoy Indias most popular casino games, directly on your mobile!
Gamble with real money online! Play Indias favourite casino games at 7Jackpots.com, Indias most trusted online casino site.
© 2020 State Times Daily Newspaper | Powered by Ideogram Technology Solutions [P] Ltd.