The Jammu and Kashmir Government has approved the first-ever trade and export policy, aimed at transforming the State's economy into a competitive export-led entity, an official spokesman said recently.
He said the policy reflects the dynamics of Jammu and Kashmir as an agrarian economy in transition towards a market-driven one.
"It is aimed to transform the State economy from a supply constrained one to a competitive export-led entity responsive to enhanced domestic integration and wider participation in national and global economy in tune with the national policies.
The targets also include encouraging, promoting and facilitating more investment in enterprises and building a strong, responsive and vibrant business environment in the State, the spokesman said.
He said the policy would be valid for a period of 10 years or till a new trade and export policy is announced.