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Role of SIDCO in Developing Employment Opportunities in Jammu and Kashmir, India

Author Affiliations

  • 1School of Studies in Commerce, Vikram University, Ujjain, MP, INDIA

Res. J. Recent Sci., Volume 4, Issue (IYSC-2015), Pages 5-10, September,2 (2015)

Abstract

Jammu and Kashmir State Industrial Development Corporation Ltd. (J and K, SIDCO) has been incorporated as a completely Govt. owned Company. The deeds of the company are to make development in infrastructure for establishing large sized Industrial complexes and Estates moreover implement GOI schemes for Industrial Growth Centers, Export Promotion Industrial Parks, Food Processing Zones, Software technology parks etc. Without having strong industrial base, Jammu and Kashmir has been considered an industrially backward state. However, many small, medium and large-scale industries have come up both in the traditional and new areas in the state. State Industrial Development Corporation (SIDCO) has been meant to address the industrial development of the Indian state of Jammu and Kashmir. Presently in Jammu and Kashmir, Unemployment arrived at the apex and is the matter of serious concern. To overcome the resentment of youths on unemployment in Jammu and Kashmir, SIDCO furnish ways to generate various employment potentialities in J and K.

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