The state of Jammu and Kashmir is heavily dependent on its tourism industry. The government is aware of the fact and they are trying to build an industrial atmosphere in the state. They have invited leading industrial houses of the country. However, the state is not in a very good condition as it has faced severe terrorism threats and insurgencies. The people of the state need jobs and since the industrial process is time taking, only Small Scale Industries of Jammu and Kashmir can help.

The following are the areas, which have been given preference to promote Small Scale Industries in Jammu and Kashmir are:

Priority sector lending by Banks and Financial Institutions.
Excise Exemption or concessions
Reservation of items for exclusive production
Package of Incentives
Emphasis now on promotion of quality, technology and efficiency
Price & Purchase preference
Infrastructure Development

The main types of small-scale industries in Jammu and Kashmir are:

food products
beverages
machinery parts
plastic goods
chemicals
drugs
paper products
automobile equipment
Handicrafts

These industries help to provide bread and butter to the people of the state, both in the urban and rural sector.

Last Updated on 8/29/2011

Economy