Excelsior Correspondent
Srinagar, Apr 23: Ahead of his Jammu visit, the Chamber of Commerce and Industry Kashmir (CCIK) today appealed to PM Modi for announcing a comprehensive package for Kashmir which has been hit since 2019.
CCIK President Tariq Rashid Ghani in this regard said that the business sector in Kashmir has been suffering since 2019 and have just started to revive as the pandemic has receded.
He appealed for capital infusion to economic sectors of the Valley by providing cash assistance to business units for their revival and development.
Ghani said many business units have had huge financial burdens due to repeated lockdowns since 2019.
“GoI should announce general amnesty of interest on loans besides new loans on low-interest rates may be announced to the business units to generate economic activities,” he said.
The Chamber also sought that many units which turned Non-performing Assets during the past many years due to various reasons be rejuvenated through special interventions.
CCIK also sought industrial benefits for the tourism sector which has been declared as an industry way back in 1996.
“Even though tourism was declared as an industry, it is denied the industrial benefits. The power tariff and other charges should be levied as per SSI units.” CCIK said while seeking demanded power tariff amnesty to commercial and domestic users from the year 2019 to 2022 during which Kashmir witnessed a downfall in business.
He said Kashmir lacks the proper infrastructure of roads, in the education and health sector while he demanded all-weather connectivity.
“Besides, local investors may be encouraged with financial assistance for the development of infrastructure in health and education,” he said.
The CCIK also reiterated the long pending demand of the hoteliers to permit them for repairs and renovations of the existing properties at Srinagar, Gulmarg, Pahalgam and Sonmarg.
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