In order to encourage large investment, incentivize the newly established units and the units undergoing substantial expansion, the State Administrative Council (SAC) which met in Jammu Tuesday evening under the chairmanship of Governor, Satya Pal Malik accorded sanction to the notification of the scheme namely the ‘Jammu and Kashmir Reimbursement of State Taxes for encouraging large investments for industrial development’.
The State has in the Industrial Policy-2016 fixed a target of attracting an investment of Rs 2000 crore per annum in the industrial sector including services.
