Policy aims to build JK as a leading destination for investment in IT sector
JAMMU, MARCH 20: In a significant decision to develop a modern and vibrant ecosystem of Information Technology in the Union Territory, the Administrative Council which met under the chairmanship of Lieutenant Governor, G C Murmu accorded approval to adoption of Jammu and Kashmir IT/ITeS Policy-2020.
The Policy provides for creation and up-gradation of IT infrastructure to meet existing and future needs of UT in e-Governance, increase digital literacy among youth thereby enhancing employability, attracting investment in the sector, harnessing the potential of emerging technologies, promoting entrepreneurship, creation of employment opportunities and safer cyber space for all citizens.
J&K IT/ITeS Policy aims to provide for time bound approvals and single window clearances to prospective investors, besides provisioning a host of fiscal and non-fiscal incentives to attract investments. It also offers incentives for start-ups and establishment of state of art infrastructure to meet the requirements of IT/ITeS industry.
Through this policy intervention, the Jammu and Kashmir endeavours to establish itself as a valued destination for IT Industry and attract investment in the IT/ITeS sector. It envisions pushing IT as an engine for rapid, inclusive and sustainable growth in the economy of J&K with the active participation of private entities.