J&K locals own 90% of 2,279 new industrial units since 2019, creating 75,848 jobs
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims + Mains·
Why in news
A Parliamentary Standing Committee report highlighted the success of local entrepreneurship and industrial growth in J&K since 2019 under the NCSS-2021.
Background
Since 2019, 2,279 new industrial units were established in J&K with ₹16,598.97 crore in investment. Approximately 90% of these units are locally owned, creating 75,848 jobs.
Facts for Prelims
- BodyParliamentary Standing Committee on Home Affairs: A committee of the Lok Sabha/Rajya Sabha.
- SchemeNew Central Sector Scheme-2021 (NCSS-2021): A central initiative for industrial development.
- FactJ&K Total Fertility Rate (TFR): 1.5 (below the national average).
- FactInvestment in J&K industrial units: ₹16,598.97 crore since 2019.
For Mains
Q. Discuss how promoting local entrepreneurship and industrial investment can contribute to regional economic development and demographic transitions in Jammu and Kashmir.
Dimensions to cover in your answer
- Role of NCSS-2021 in industrial growth
- Impact of local ownership on job creation
- Correlation between economic growth and declining TFR
Keywords: Local Entrepreneurship · Industrial Investment · Demographic Transition · Economic Inclusion · Regional Development
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