India, Jan. 3 -- The Jammu & Kashmir Government has unveiled a draft amendment to its industrial policy 2021-30, proposing a slew of incentives aimed at transforming the Union Territory's industrial landscape.

The Industries and Commerce Department has placed the proposed incentives in the public domain to seek suggestions from various stakeholders.

According to the proposed amendments, sick industries under revival will receive the same incentives as new industrial units under the policy. "A special mechanism will identify and rehabilitate sick SME units (as per the Reserve Bank of India definition), and such units under revival will receive the same incentives as new industrial units in the current policy," the draft states.

The amen...