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J&K govt announces series of measures for simplifying business establishment process

In a bid to revive the business sector and boost investor confidence with a business-friendly environment in Jammu and Kashmir, the Administrative Council (AC), which met under the Chairmanship of Lieutenant Governor, Manoj Sinha on Saturday approved a series of measures for simplifying business establishment process.

As per the decision, the pre-requisite No Objection Certificates (NoCs) /approvals have been relaxed for setting up of a business unit. The Udyog Aadhar Memorandum as per the condition of the Government of India shall be the only requirement for a business unit to be set-up, an official handout said.

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