To create an environment conducive to business, Jammu and Kashmir administration has approved the obviation of at least 15 no-objection certificates (NOCs) as a prerequisite for setting up an industry in the Union Territory. The move has been made to revive the business sector and boost investor confidence with a business-friendly environment.
According to the decision taken by the Administrative Council (AC), which met under the
chairmanship of lieutenant governor Manoj Sinha, the NOCs or approvals have been relaxed for setting up of a business unit in J&K, a spokesperson said.
The only requirement for setting up a business unit now would be the Udyog Aadhaar memorandum as per the condition of the government of India. Earlier, as many as 15 NOCs or clearances were required for a business unit to be established, which have now been reduced to a bare minimum.
The official said, “These bare minimum NOCs/approvals shall be required subsequently, for which two sets of single-window committees have been established — one for business units coming up within industrial estates and another committee for units outside the industrial estates.”
He said these committees would ensure time-bound issuance of the NOCs or approvals pertaining to power connection, water connection and building plan as per specified timelines on a case-to-case basis.
