Jammu and Kashmir Plans New Theme Park

Jammu and Kashmir Plans New Theme Park. The Jammu and Kashmir management is making plans to installation India’s quality mythological topic park close to the well-known Vaishno Devi shrine in Reasi district. The management has sought traders for the project, officers stated on Friday. The modern day park is geared toward growing monetary interest and producing direct and oblique nearby employment, except enhancing the general enjoy of vacationers and residents withinside the union territory, they stated.

Around one crore devotees from throughout and overseas go to the Vaishno Devi shrine on the Trikuta hills annually, with Katra town, forty three km from Jammu, serving because the base camp for the pilgrimage. Based on a imaginative and prescient to inspire adventure, mythology, schooling and entertainment, the officers of the management and the Shri Mata Vaishno Devi Shrine Board have diagnosed 3 feasible places for the project – close to the shrine and some other 10 km from the Katra bus stop.

The park will arise at the manner to the shrine and could have complete connectivity, the officers stated, including that it might offer leisure sports for the pilgrims after darshan. The Jammu and Kashmir authorities could additionally offer different blessings like out of doors and indoor entertainment, shops, sports, eateries and hotels, the officers stated. Investors could be eligible for imperative quarter scheme blessings and diverse different concessions from the Jammu and Kashmir authorities, such as a settlement legitimate for 25 years with a provision of extension.

Central quarter scheme blessings consist of capital funding incentive of 30 according to cent on funding of up to ₹ five crore, running capital hobby incentive of 5 according to cent according to annum for present devices for 5 years, Goods and Service Tax-connected incentives and capital hobby subvention of six according to cent according to annum for a most of 7 years on a mortgage quantity up to ₹ 500 crore, the officers stated.

The authorities could make certain all Union Territory-degree clearances inside 30 days of submitting the software and could additionally offer aid on different clearances and approvals except extra incentives on stamp responsibility and inexperienced industrialisation. The officers stated traders have to have the enjoy of strolling a topic-primarily based totally or an leisure park with an annual footfall of 5 lakh and have to additionally adhere to global protection requirements in the course of the project.

Once an settlement is signed, commercial enterprise operations with distinct minimal necessities will need to start inside 3 years, they stated, including that the very last topic wishes to be surpassed thru the Department of Industries and Commerce, Jammu and Kashmir, and additionally generate direct and oblique employment opportunities.

Highlighting the blessings of making an investment in Jammu and Kashmir, the officers stated the Union Territory has progressive, aggressive and investor-pleasant regulations of doing commercial enterprise, a conducive paintings surroundings and professional labour. It additionally has fifty seven business estates throughout 20 districts, availability of business and quarter-particular land bank, pristine and pollution-loose surroundings, big captive marketplace and clean get entry to to purchasers of neighbouring states, the officers added.