Srinagar, May 20 (KNO) : Kashmir Chamber of Commerce and Industry (KCC&I) expressed concern at the decision of the Governor’s Administration to lease out 60 kanals of industrial land to the forces. A spokesperson of the KCC&I as per a statement issued to KNO stated that the business community of the State was suffering due to the non-availability of land.
The KCC&I is on record to have asked the Government, time and again, to retrieve land wasted under the occupation of Government Public Sector Undertakings (PSU’s) and make the same available for industrial/commercial use, a statement said.
It was surprising that instead the Government had recently announced that it was in the process of identification of land for creation of small Satellite Industrial Estates of around 40 kanals, whereas huge chunks of prime industrial land were being converted into camps and residential quarters for security forces, KCC&I said.
Already more than 300 kanals of land belonging to the Zainakote Industrial Estate was transferred to different wings of the State and Central Security Forces. This land was retrieved from the erstwhile Hindustan Machine Tools (HMT) group in the year 2017, the statement said.(KNO)