ADVERTISEMENT
Budget 2012: J&K to get Rs 150 crore for industry boost
Markets will look to consolidate in the week ahead after most event risks like monetary policy and budget now over.
16 Mar 2012, 04:42 PM IST 
Shinzo Nakanishi, Managing Director, Maruti Suzuki India
In a first-of-its-kind initiative, the Centre has earmarked Rs 150 crore for the coming fiscal to woo industries in Jammu and Kashmir.
According to the budgetary proposals presented by Finance Minister Pranab Mukherjee in Lok Sabha today, a sum of Rs 150 crore has been specifically allocated to the Ministry of Home Affairs (MHA) as Special Industry Initiative (SII) for Jammu and Kashmir.
Officials said the amount is likely to be spent on various measures to encourage businessmen to invest in the state.
Jammu and Kashmir Chief Minister Omar Abdullah has been stressing for generating employment opportunities for the youths of the state.