In order to bring reforms in the Information Technology sector in Jammu and Kashmir, two IT towers are likely to be completed during 2021-22 at a cost of Rs 100 crore.

The information was shared by Union Finance Minister Nirmala Sitharaman while tabling the budget for J&K in the parliament last week.

Sitharaman said that two IT towers one each at Jammu and Srinagar capital cities are likely to be completed during 2021-22 at a cost of Rs 50 crore each.

The finance minister said that the rural BPOs at all district headquarters are also expected to be established in 2021-22.

“Under J&K Rural Employment Generation Programme involving margin money of Rs 25 crore for 2021-22, employment opportunity to 7386 persons involving 1231 units is expected,” she said.

Earlier this year, a Memorandum of Understanding (MoU) was signed between NBCC and JK IT Infrastructure Development Company for establishing IT Towers in both the capital cities of Jammu and Srinagar, in presence of Manoj Sinha, Lieutenant Governor of J&K.

Speaking on the occasion, the Lt Governor observed that the development of IT infrastructure in Jammu and Kashmir would go a long way in creating a conducive environment for Startups, economic growth and creation of employment opportunities.

The Lt Governor had set deadlines of 15 months and 17 months for completion of the IT Towers against the time period of 24 months which was earlier set for completion of the projects.

Meanwhile, Sitharaman said that food parks shall be established at Sangyote near Kud, Pahlipora (Lar) and Chewa (Bandipora) during 2021-22.

The GoI has allocated  Rs 648 cr for Industries and Commerce sector in the budget, which is Rs 291 crore more than the previous, will generate more employability and bring more investment. An amount of Rs 200 cr has been kept for Youth empowerment.

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