Amendments in J&K Land Development Act
Srinagar: Jammu & Kashmir administration has set the ball rolling for implementation of new provisions of Jammu & Kashmir Development Act-1970.
To begin with, the government has set-up a three-member committee to devise a roadmap for implementation of amendments made by the Ministry of Home Affairs in Jammu & Kashmir Development Act-1970 in October last year, which proposes setting up an industrial development corporation for rapid establishment, growth and development of industries in the Union Territory.
According to an order in possession of Precious Kashmir, the panel comprising Managing Director, State Industrial Development Corporation(SIDCO), Director Planning, Industries and Commerce Department and Managing Director, Small Scale Industrial Development Corporation(SICOP) would also suggest modalities for merger of SIDCO and SICOP for better management of industrial estates.
According to the amendments made in the law, 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 ammendments state.
It will establish and manage industrial estates, develop industrial areas and make them available for undertakings to establish themselves.
It is worthwhile to mention that amendments made in the law were made under section 96 of Jammu & Kashmir Reorganisation Act, which empowered the Centre to amend or repeal laws for a period of one year, starting from October 31, 2019.