Srinagar, December 26,2025 — The Jammu and Kashmir Government has proposed a major overhaul of the Industrial Policy 2021–30, aiming to address implementation gaps, attract fresh investments, and align the policy with emerging economic and industrial realities of the Union Territory.
Official sources said the proposed revamp focuses on streamlining incentives, improving ease of doing business, strengthening MSMEs, and boosting employment generation across manufacturing, services, and emerging sectors. The move comes after a comprehensive review of the policy’s performance since its rollout.
According to officials, feedback from industry stakeholders, investors, and trade bodies highlighted the need for simplified procedures, faster approvals, and better access to land, finance, and infrastructure. The revised framework is expected to remove bottlenecks that slowed down project execution under the existing policy.
The government is also considering sector-specific incentives, particularly for IT and IT-enabled services, tourism-linked industries, food processing, handicrafts, renewable energy, and logistics, to ensure balanced regional growth across Jammu and Kashmir.
Sources further revealed that the overhaul will place special emphasis on local entrepreneurship, startup ecosystems, and skill development, enabling youth participation in industrial growth while reducing dependency on traditional employment avenues.
Officials said the revised Industrial Policy will also align with national initiatives such as Make in India, Startup India, and Atmanirbhar Bharat, while incorporating sustainability and green industry principles.
Once finalised, the updated policy is expected to provide a fresh impetus to industrial growth in Jammu and Kashmir, improve investor confidence, and accelerate economic development across the Union Territory.
