Excelsior Correspondent
JAMMU, May 6: Federation of Industries Jammu (FoIJ) has urged upon the J&K Administration to provide financial support to the industrial sector which is passing through critical phase due to country wide lockdown.
While lauding the initiatives taken by the J&K UT Administration to provide the hand holding support to the industrial Sector of J&K for the smooth running of units under the present circumstance prevailing due to COVID-19 since March 25, 2020, the FoIJ demanded financial support for the survival of the J&K industry.
Lalit Mahajan , Chairman of the Federation of Industries Jammu conveyed heartiest thanks to Lt. Governor GC Murmu, Advisor to Governor KK Sharma, Chief Secretary BVR Subrahmanyam, Commissioner/Secretary Industries & Commerce MK Dwivedi, and other officials including the Industries Department for the issuance of requisite permission to run the Units with minimum possible workers as per the SOP issued by MHA as well as by Chairperson, J&K Executive Committee, Department of Disaster Management, Relief, Rehabilitation and Reconstruction resulting restart of the industrial activities.
“We wish to draw the kind attention of Lt. Governor towards the plight of industrial Units of J&K UT, who are depending on the sale of their products within the Jammu and Kashmir, suffering very badly after the abrogation of Article 370 and now since March 25, 2020 due to lockdown, resulting sharp decline in the sales turnover in the last Financial year and also in last one and a half month resulting the unit holders are not in a position to pay the salary/wages to their staff for the month of April 2020, bank interest, power dues and other related dues.
The FoIJ requested the Lt Governor to release funds for the payment of wages and salary of the workers and Staff of the Units for the month of April, May 2020 or till the lockdown period, waive off demand charges/fixed charges and electricity duty for April, May 2020 with the direction to defer the payment actual Power consumption bills for the month of March, April, May 2020 or till the resumption of normal activities after the Lockdown in monthly installments without any surcharge; waive off the Interest on the working capital limits/term loans up to 31-3-2021 by Banks with the enhancement of 25% working capital limits on the same collateral security/rescheduling the term loan installment after 31-3-2021/Corpus fund of Rs 100 crores for the rehabilitation of sick industrial units already declared as NPA, defer the purchases through GeM Portal till 31-03-2022 to provide the relief to thousands of Micro & Small Scale Units dependent on the Govt supplies, reimbursement of 2 to 5% as turnover incentive to the units selling their products within the J & K UT on the existing pattern as already given to the units for the interstate sale vide SRO No.431 of 2018 on finished foods and so on.
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