Excelsior Correspondent
JAMMU, Sept 6: Between the two apex industrial chambers a Memorandum of Understanding (MoU) was signed between the Federation of Chambers of Industries Kashmir (FCIK) and the Federation of Industries Jammu (FoIJ) here today.
The MoU was signed by President FCIK Shahid Kamili and Chairman FoIJ Tejwant Singh Reen in presence of Former Chairman FoIJ Lalit Mahajan and Former Presidents of FCIK Shakeel Qalander, Mohammad Ashraf Mir, Meraj Ahmad Qureshi and Zahoor Ahmad Bhat.
In this regard the two Chambers had series of virtual meetings on roadmap to mutual cooperation during past several weeks and it materialized after a delegation from FoIJ dropped in Srinagar to hold further meetings to give the MoU a final shape.
In a joint statement released for press, both the organisations regretted continued plight, miseries and difficulties of the existing industrial units for non-implementation of the industrial policies in their letter and spirit which had affected the working of existing units and put their very survival to risk.
The two chambers also discussed revival and rehabilitation of sick units and impressed upon the Government and other institutions to deal with these under the laid down policies and schemes besides formulating a foolproof mechanism for their rehabilitation. The chambers also put emphasis on the need for special scheme for modernization and expansion of existing industrial units.
Finally, the two organizations have agreed on the following 6-point programme, to establish effective discussion, deliberations, consultation, cooperation and exchange of information between the two federations. To coordinate and plead the case of industry together initially on the subjects of industrial policy, marketing, delayed payments and financial issues. To hold regular meetings physically or on virtual mode in order to facilitate exchange of views on various subjects. To hold joint press conferences whenever need aroused on specific issues of industry. To review the scope of coordination and mutually modify it at any time with the concurrence of both federations and to keep all mutual deliberations and actions apolitical concentrated only to the issues of industry and economy.
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