Excelsior Correspondent
JAMMU, Oct 17: Federation of Industries Jammu (FOIJ), today projected the issues of the Jammu Industry and said that Federation has high hopes from the National Conference Government.
The members during a meeting held under the chairmanship of Lalit Mahajan drew the attention of Chief Minister Omar Abdullah towards the long pending issues related to the existing working of MSME Units who are providing jobs to lakhs of local people of J&K which includes the grant of fiscal incentives in the shape of reimbursement of turnover incentive on actual turnover without any capping, reimbursement of SGST/ CGST/ IGST to existing units and units under substantial expansion/ change in the line of activity/ diversification, marketing support in the shape of purchase/price preference for the supply of finished goods to JKUT Govt Departments and it is the need of the hour to resolve the issues on priority basis to regain the confidence of working existing industrial units who are suffering due to dilution of Fiscal Incentives and facing stiff competition from the new units being established under the NCSS- 2021 Scheme of Govt of India.
FOIJ requested the Chief Minister for the revival of Industrial Advisory Committee with the participation of stakeholders to resolve the long pending issues on priority basis and also issue necessary directions to Industries Department to revisit the JK State Industrial Policy 2021 with the grant of Fiscal Incentives at par with NCSS 2021 Industrial Development Scheme of Govt of India for the survival of existing MSME industrial working units with the extension of Fiscal Incentives for next 10 years.
The members also congratulated the new team of new Ministers led by Omar Abdullah and said that J&K Industry has high hopes from them. They said the Omar Government must ensure revival and strengthening of the existing ailing industrial Sector of J&K, mostly being run by the sons of the soil.
The meeting was also attended by TS Reen, Jatinder Aul, SC Dutta, Ajit Lal Bawa, Raman Jolly, all co-Chairmen, FOIJ besides other Executive Committee Members.
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