J&K a destination for $5 bn semiconductor Fab Mega Project:CII

Jammu and Kashmir is emerging as a possible destination for a 5 billion USD semiconductor Fab Mega Project which has the potential to create over 50,000 jobs for skilled manpower in the state.
This was conveyed by a delegation of the Confederation of Indian Industry (CII) to Governor N N Vohra when it met him here today.
The delegation presented a detailed project report (DPR) to the Governor and explained the broad contours of the project, especially those related to the availability of land, roads and water supply, laying of optical fibre, power tariff on existing rates, besides arranging private equity of Rs 7,000 crore to meet the requirement for implementing the project, which envisages making India a leading global provider of semi-conductors.

The delegation also highlighted the immense potential of Jammu and Kashmir in becoming a hub of electronics system design and manufacturing (ESDM) ecosystem if right impetus is provided to the IT sector, which will then open up employment opportunities for our skilled human resource.
For this, the delegation suggested link up of ITIs (Industrial Training Institutes) and better synergy between IT, Technical and Higher Education Departments.
CII also stressed upon the need to establish 'ESDM Cells' in each ITI that could start from training-cum-skills and later navigate to domain-specific start-up business ventures at our State Universities, Science Colleges and Government Polytechnics.

The Governor was also briefed about the rehabilitation project being carried out by CII in Bandipora in which it is constructing 380 lavatories for poorest of the poor in 10 of the worst-affected villages in the district.
Another delegation of Chamber of Commerce and Industry (CCI), Jammu, led by its President Rakesh Gupta, met Governor and submitted a Pre-Budget Memorandum to him and apprised him about their various demands relating to Jammu Development Authority, Tourism, Revenue, Housing and Urban Development, and Health departments.
The Chamber projected various demands and requested the governor for the urgent redressal of the demands.