"The extension in tax exemption will go a long way in promoting industrial growth and economic development in the state," Deputy Chief Minister Nirmal Singh said.
He said this is the first major incentive to the industrial sector of Jammu and Kashmir and other states after implementation of the GST.
The deputy chief minister also expressed gratitude to Union Minister for Industry and Commerce Suresh Prabhu for announcing the new scheme extending budgetary support as industrial incentives to Jammu and Kashmir.
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