A Jammu-based industry body has sought to amend the Land Revenue Act to transfer private non-agricultural land to potential investors from outside Jammu and Kashmir to set up their units in the union territory. Jammu Confederation of Industries Chairman Lalit Mahajan said in a statement on Monday that the Jammu Confederation of Industries raised the request in a memorandum submitted by his delegation to the Federal Home Minister Amit Shah here. We asked the Minister of Interior to make the necessary amendment in the Land Revenue Act of 1962, on the basis of priority transfer of ownership of non-agricultural private lands for industrial purposes on a freehold basis, enabling potential unit owners to purchase non-agricultural lands. “To set up their units in a time-bound manner,” said Mahajan, who met FOIA chief Ratan Dogra, Shah.
Shah is visiting Jammu and Kashmir and Monday was the third day of his tour of the Union Territory. The delegation thanked the government of Narendra Modi for granting tax incentives to the industrial sector in Jammu and Kashmir, describing it as the beginning of a new era of development and industrialization. “Hopefully, manufacturing will hit a new high in the coming days at J&K to provide jobs for local youth as well as overall growth in the economy as we anticipate huge investment in the industrial sector in J&K on a Rs basis of Rs 28,400 crore central industry package,” the statement said. However, Mahajan said that potential investors from outside Jammu and Kashmir, who are in the process of setting up large industrial units, may face problems due to unavailability of developed industrial land and regarding non-agricultural private land, which cannot be transferred to outside investors as per the Land Revenue Act. Present.
Other issues related to the industrial sector highlighted in the memorandum include compulsory purchase by the Central Government and the Government of Jammu and Kashmir Departments from Small Scale Local Industry Units (LSSI), establishment of the parent industry in Jammu and Kashmir and reimbursement of road freight charges for sending industrial goods to the local market as well as for export. from J&K. The Freedom of Information Act also required the establishment of industrial parks to promote exports, the extension of 300 percent of total GST incentives to MSME units for significant expansion under the Industrial Development Scheme, freehold rights to Sedco and Seacop lands to existing unit owners and an increase in customs. Duty to walnut kernels to provide a level playing field for domestic manufacturers.