The State Government, by adopting this Trade Policy aims to achieve the following objectives:
• To enhance domestic trade volume by five times from the existing level at present in the next 10 years.
• To move more speedily towards the transformation of its role from ‘regulator’ to ‘facilitator’ and from performer to enabler for the Trade and Commerce sector.
• To encourage, promote and facilitate more investment in enterprises and build a strong, responsive and vibrant business environment in the State.
• To recognize the significant role of the distribution of goods and services in the generation of employment, the Government shall endeavor to increase the share of Trade and Commerce in GDP by at least 3% in the next five years and to add to the per capita income of the State. Further, to raise, the share of State in the gross national export from 0.05 % at present to 2 % in the next 10 years. 10 J & K Trade and Export Policy 2018-28
• To raise efficiency and widening linkages in domestic production and building a diversified competitive export sector as the means of stimulating higher rates of growth and development.
• To provide employment opportunities to the educated unemployed and skilled youth in the field of Trade and Commerce by concerted human resource and skill development interventions.
• To provide guidelines for State Development Plans for reserving suitable patches of land for facilities such as warehousing and logistics support helpful in promoting retail, wholesale and exports trading in and from the State.
• To create new markets and ancillary facilities through regional development plans.
