Jammu & Kashmir is going through a turmoil for the last 25 years and has witnessed extensive loss to its industrial sector. All the governments which have come to power have focused specially on the revival of Industries in the state.
The Central Government has given an extensive package for Industries in the state, focussing on industries and finance. The State Government under its own state Industrial policy is also giving subsidies to Industries for their growth. Many big Industries, especially pharmaceutical industries like SunPharma, and Medley have set up its units in Jammu. Priya Gold, a popular biscuit brand has also set up a big unit in the Bari Brahmna industrial area in Jammu.
Under the Central Government package, the state of Jammu and Kashmir is getting subsidy on Central Excise, and insurance and capital investment among many other benefits. Under the state policy, major benefits are Toll Tax exemption and VAT exemption. According to Lalit Mahajan, President Bari Brahmna Industrial Association, the state policy is to be reviewed by 31 August 2015 and businessmen are looking forward to the newly formed BJP-PDP government for a new industrial policy.
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