Srinagar, Jan. 27 -- Jammu and Kashmir government has finalized the merger plan of State Industrial Development Corporation (SIDCO) and Small-Scale Industrial Development Corporation (SICOP).

The merger will formally take place before the end of the current financial year.

The Administrative Council granted permission for the formation of the Jammu and Kashmir Industrial Development Corporation (JKIDC) by merging SIDCO and SICOP in September 2021.

Thereafter, a committeewas formed to devise a roadmap for the creation of the JKIDC by the provisions of the modified J&K Development Act under the chairmanship of the Additional Chief Secretary of the Finance Department.

Official sources told The Kashmir Monitor that the committee held two ...