March 20, 2023

A mythological theme park will come up at Vaishno Devi (file picture)


The Jammu and Kashmir administration is planning to arrange India’s finest mythological theme park close to the well-known Vaishno Devi shrine in Reasi district. The administration has sought traders for the challenge, officers stated on Friday. The state-of-the-art park is geared toward growing financial exercise and producing direct and oblique native employment, in addition to bettering the general expertise of vacationers and residents within the union territory, they stated.

Around one crore devotees from throughout the nation and overseas go to the Vaishno Devi shrine on the Trikuta hills yearly, with Katra city, 43 km from Jammu, serving as the bottom camp for the pilgrimage. Based on a imaginative and prescient to encourage journey, mythology, training and leisure, the officers of the administration and the Shri Mata Vaishno Devi Shrine Board have recognized three potential areas for the challenge – two close to the shrine and one other 10 km from the Katra bus cease.

The park will come up on the way in which to the shrine and could have full connectivity, the officers stated, including that it might present leisure actions for the pilgrims after darshan. The Jammu and Kashmir authorities would additionally present different advantages like outside and indoor leisure, retailers, sports activities, eateries and resorts, the officers stated. Investors can be eligible for central sector scheme advantages and numerous different concessions from the Jammu and Kashmir authorities, together with a contract legitimate for 25 years with a provision of extension.

Central sector scheme advantages embody capital funding incentive of 30 per cent on funding of as much as Rs 5 crore, working capital curiosity incentive of 5 per cent every year for present items for 5 years, Goods and Service Tax-linked incentives and capital curiosity subvention of six per cent every year for a most of seven years on a mortgage quantity as much as Rs 500 crore, the officers stated.

The authorities would guarantee all Union Territory-level clearances inside 30 days of submitting the applying and would additionally present help on different clearances and approvals in addition to extra incentives on stamp obligation and inexperienced industrialisation. The officers stated traders ought to have the expertise of working a theme-based or an amusement park with an annual footfall of 5 lakh and also needs to adhere to worldwide security requirements all through the challenge.

Once an settlement is signed, enterprise operations with specified minimal necessities must begin inside three years, they stated, including that the ultimate theme must be handed by way of the Department of Industries and Commerce, Jammu and Kashmir, and in addition generate direct and oblique employment alternatives.

Highlighting some great benefits of investing in Jammu and Kashmir, the officers stated the Union Territory has progressive, aggressive and investor-friendly insurance policies of doing enterprise, a conducive work surroundings and expert labour. It additionally has 57 industrial estates throughout 20 districts, availability of commercial and sector-specific land financial institution, pristine and pollution-free surroundings, giant captive market and quick access to customers of neighbouring states, the officers added. 

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