Promotion of Industries - Jammu & Kashmir State Industrial Development Corporation (J&K SIDCO)

Jammu &Kashmir State Industrial Development Corporation (J&K SIDCO) was established in 1967 to act as a catalyst to inspire and accelerate the industrial development in the State. The promotion of industries is by way of identification and formulation of techno economically viable projects and tie up of appropriate technologies and collaborations for the requirement of industries.


		Activities of J&K SIDCO

J&K SIDCO is the nodal agency for promotion & development of medium and large scale Industries in the State. It have been entrusted with the following important assignments of development of industry in the State :

	To conduct work for promotion of industry in J&K state by conducting seminars, helping entrepreneurs in obtaining LOI., etc.

	Identification of technically feasible and financially viable projects for the State of Jammu & Kashmir.

	Development of infrastructural facilities for medium/large scale industrial projects.

	Grant of financial assistance to industrial projects having investment upto 300 lacs and participation in the equity of selected joint/assisted sector projects.

	J&K SIDCO has established 7 industrial estates to provide infrastructure facilities at identified locations suitable for industrial development through out the length and breadth of the State. Within each Estate developed land is available at a very subsidised rate.

	Industrial Growth Centres and Export Promotion Industrial Parks are being set up in both Jammu region and Kashmir valley separately, by way of acquiring land, constructing internal roads, affluent disposal facilities, providing water and power in the industrial estate. Amenities like fire stations, restaurant, bank, post offices, housing, schools, hospitals, shopping centres, convention centres etc. are the main infrastructure facilities. J & K SIDCO is also developing product specific industrial estates to fulfil the functional needs of certain industries like Textiles, Electronics and Software development etc.

	The Corporation also offers a variety of financial assistance for setting up new units and for expansion/ diversification/ modernisation of existing projects. For medium and large scale projects including tourism related and micro hydel power projects, the assistance can be availed in consortium arrangement with central and state level institutions or banks.

	J&K SIDCO has also promoted projects in joint and assisted sectors.

	J&K SIDCO 's scale of operations cover fields as diverse as engineering, electronics, software dev. pharmaceuticals, hotels, textiles, and power generating projects etc.

		Design Credits