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Stamp duty, Court fee exempted for all new investors in J&K

Last Updated on April 24, 2021 at 3:49 pm

Union territory administration of Jammu and Kashmir has exempted all new investors from paying stamp duty and court fee to promote investment in J&K.

According to the Industrial Policy 2021, subsidy will also be given on procurement of quality automation, and pollution control devices

“The Ease of Doing Business will be facilitated under Jammu and Kashmir Single Window (industrial investments and business facilitation) Act 2018 for investor friendly environment,” said the policy.

The government has identified 16 focus sectors for investment during the decade.

These sectors include manufacturing, IT and ITeS, Agriculture and food processing, healthcare and pharmaceuticals, infrastructure and real estate, herbal and medicinal plants, milk and wool production, education and skill development, tourism and hospitality, film tourism, horticulture and post-harvest management, renewable energy, handicrafts, and handloom, agriculture, mulberry and production of silk, export-oriented units, and other sectors notified by Jammu and Kashmir government.