Srinagar, Oct. 31 -- The Jammu and Kashmir government has approved proposals for setting up two industrial estates in the Union Territory, involving a combined investment of Rs 162.72 crore, Chief Minister Omar Abdullah said on Friday.

"The Council of Ministers has approved proposals for the establishment of two new Industrial Estates in Jammu and Kashmir, involving a combined investment of Rs 162.72 crore," Abdullah said in a post on X.

The proposed projects include a new industrial estate at Pehlipora in Lar area of Ganderbal district, at a cost of Rs 60.92 crore, and Industrial Estate Bhagthali (Part-II) in Kathua district, at a cost of Rs 101.80 crore.

The projects are expected to strengthen industrial infrastructure, attract inves...