Excelsior Correspondent
JAMMU, Feb 16: Bari Brahmana Industries Association today lauded the initiative of the Government to attract new investment in the UT of Jammu and Kashmir.
In a meeting of the BBIA held here today under the leadership of Lalit Mahajan, president of the Association in presence of Tarun Singla senior vice president, Ajay Langer – vice president, Viraaj Malhotra – general secretary, Rajesh Jain- secretary, Vivek Singhal -treasurer and others, the members discussed the proposed road shows to be held in six major cities of the country for the Interaction with the potential investors as a part of the pre-event activities for the Global Investors Submit-2020.
The members appreciated the Initiative taken by the Industries Department under the able guidance of Lt Governor GC Murmu, KK Sharma Advisor, MK Dwivedi Principal Secretary Industries & Commerce Department and Ravinder Kumar, Managing Director J&K SIDCO for holding Road shows in the major cities of the country to attract the new investment in the Union Territory of Jammu & Kashmir. ” We are hopeful that massive Investment in the Industrial sector may take place in the coming months which will provide an opportunities of employment to local youths,” they added.
Mahajan said BBIA is already receiving number of enquires from the prospective Investors from outside the State for the setting up their units in Jammu & Kashmir but they are waiting for the announcement of Central/State Govt Fiscal Incentives and the State Govt Industrial Policy 2020 which is in the active consideration of the Govt.
BBIA pointed out that as per the new items published in the print/electronic media, the much attention is being given to attract the Investment from the big Industrial houses across the country which is a welcome step for rapid Industrialization in J&K but as per our opinion much attention also should be given to attract the Investment from the MSME Sector also keeping in mind the facts that the MSME Sector have the potential for providing mass scale employment to the local youths and also have the opportunities for the local youths to set up their own units with the less investments.
He requested the Lt Governor to take up the matter with the Central Govt for the finalization of the Central Package of Incentives as well as State Fiscal Incentives for the Industrial Sector of Jammu & Kashmir and also to notify the State Industrial Policy 2020 as early as possible.
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