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A First for Kashmir

Srinagar: Counseling the youth to be part in the industrialization, the Governor N. N. Vohra Monday said that central and state governments were providing immense incentives for the growth of industries in the state.

While addressing at the foundation laying ceremony of Steel Processing Unit at Industrial Growth Centre, Lassipora Pulwama, Vohra said that the 2004 Industry Policy offers wide ranging incentives to the entrepreneurs and industrialists.

Governor Vohra alongwith Union Minister of Steel, Ram Vilas Paswan laid the foundation of first of its kind 1.60 lakh tonnes annual capacity steel plant.

Vohra said that Industrial Growth Centre Lassipora spread over an area of 6000 kanals would be providing employment to over 4500 people.

“104 industrial units have been provided land in the Centre and 20 units have started functioning,” he said, adding, Rs 250 crore were being invested for industrial growth in the Lassipora Centre.

Complimenting Central Government and Union Steel Ministry for setting up a steel processing unit in the valley, Vohra said that the plant would help to meet the steel demand of the valley besides assuring employment to a good number of people.

Union Minister for Chemicals and Fertilizers and Steel Ram Vilas Paswan speaking on the occasion, said that the steel processing unit at Lassipora would be completed by next year end and would start production by January 2010.

Promising the expansion of the unit after it becomes operational, Paswan said that the unit is being set up in the Valley with a view to cover backward areas under industrialization programme.

Paswan announced that the initial cost of Rs 90 crore of the up coming unit would be enhanced to Rs 150 crore to ensure full-fledged facilities in the unit.

The Minister disclosed that the unit would provide direct employment to 500 persons and to 4000 indirectly. He also announced that the semi-skilled and unskilled work force in the unit would be engaged locally.

Paswan said that the unit will have 40000 tonnes annual capacity TMT Bar Mill, 60000 tones annual capacity cut-to-cut length line for GP coil unit and 60000 tonnes annual capacity corrugation line for GC sheets unit.