Excelsior Correspondent
JAMMU, Feb 6: Federation Chamber of Industries Kashmir (FCIK) today appreciated the efforts of Lieutenant Governor Manoj Sinha for his vision in creating entrepreneur- friendly industrial ecosystem in J&K and dicussed inclusion of existing units in the new industrial Policy.
“The September 25th Financial Package gave a hope to the entrepreneurs of J&K to run their business. Even in today’s meeting assurances by LG and patient hearing during deliberations and presentation of demands over the present industrial scenario is praiseworthy,” president FCIK Shahid Kamli said in a statement after meeting LG Manoj Sinha in Raj Bhawan Jammu.
FCIK administrative council delegation led by president apprised the LG about the present scenario of industry which is ailing since 2009 and immediate action by the Govt required to save the industry which is employing lacs of skilled and unskilled workers in the valley. The delegation also asked for immediate restoration of marketing support which has been put on halt due to imposition of GEM portal and expressed satisfaction that LG assured the immediate remedial measures.
“We also discussed release of due payments & delayed payments so that capital flow will help industries to run smoothly,” Kamli said.
He further said that a detailed discussion regarding industrial policy, agriculture, horticulture, poultry and handicrafts sector was discussed and FCIK was very positive over the assurances of LG to revive these sectors. The meeting also discussed the GST claims / remissions and returns under SRO 63/519/521 and ambiguity related to vat returns caused by pre GST regime.
The delegation also sought intervention of LG to address their issues with financial lending institutions. FCIK apprised the LG that the unit holders who are tired and unviable may be given exit route by way of OTS and the unit holders who still want to sail through even after distressed times over the years may be restructured and given ample working capital to restart their business immediately.
While thanking LG Sinha for his financial package on 25 sept 2020 which gave hope to the unit holders and recent industrial policy, the FCIK delegation sought compensation to the business community for the losses suffered after August 5, 2019 and extending provision of benefits of industrial policy to the existing unit holders.
A delegation led by FCIK president also called on Baseer Khan to express their gratitude for his support in addressing concerns of unit holders. Meanwhile, a meeting was held with Commissioner Secretary Industries & Commerce, Manoj Diwedi at Jammu to discuss various issues including new industrial policy and the present health of industrial sector in J&K.
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