J&K mulls converting portion of HMT land into Textile Park

25 Jul '14

2 min read

The state government of the north Indian state of Jammu and Kashmir (J&K) may convert a portion of land-owned by the now defunct HMT Factory into a Textile Park.

At a meeting in Srinagar, Chief Minister Omar Abdullah directed the Department of Industries to work out a strategy for establishing the proposed Textile Park at a portion of HMT Factory land as the company has stopped its functioning for a long time now, an official statement said.

HMT, formerly Hindustan Machine Tools Limited, is a state-owned manufacturing company under the Ministry of Heavy Industries and Public Enterprises.

The Chief Minister said the matter should be pursued on fast track so that action on setting up of the Textile Park for the local entrepreneurs is taken up as early as possible.

Mr. Abdullah also directed for taking action for cancelation of land to Steel Authority of India (SAIL) at Lassipora as the company has failed to initiate its programme at the allotted land despite the lapse of so many years. He said the said land should be allotted to the budding entrepreneurs of the state for launch of micro, small and medium enterprises (MSMEs).

The Chief Minister said his Government is keenly pursuing the policy of industrialization in the state with focus on nurturing local entrepreneurs and generating employment for the youth. He said every step will be taken in this direction to help existing industrial units and encourage launch of new ones by the local youth.

Mr. Abdullah also discussed the issues relating to the development of industries and handicrafts in the state in two separate meetings, where he assured the representatives of industries, handicrafts, trade and commerce of the full support of his Government for the flourishing of these sectors and welfare of the people associated with the industrial sector.

Fibre2fashion News Desk - India

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