Excelsior Correspondent
JAMMU, Apr 17: Federation of Industries Jammu has requested the Prime Minister Narendra Modi and Union Minister of Commerce and Industry Piyush Goyal for the reimbursement of road freight from Jammu & Kashmir up to nearest ports to encourage the export of Industrial goods to other countries.
Lalit Mahajan, Chairman Federation of Industries Jammu conveyed congratulations to the Prime Minister and Union Minister of Commerce and Industry for the record goods and services exports of $ 770 billion in 2022-23.
While highlighting the issue Mahajan drew the attention of Prime Minister and Minister of Commerce and Industry towards the limited growth in the export of Industrial goods to other countries which is Rs 17.30 crores USD only upto January 2023 due to additional freight being paid on the import of raw materials and export of finished goods by road up to ports due stiff competition being faced from the manufacturing units located near the Ports as the Industrial Sector of Jammu & Kashmir is facing the problem due to locational disadvantage, hostile borders with China and Pakistan.
It is pertinent to mention here that there is a lot of scope for the export of goods from Union Territory of J&K to other countries but due to non-availability of financial support for the reimbursement of road freight up to nearest ports as the unit holders are not able to compete in the International market and it is the need of the hour to provide the road freight incentive upto nearest Port under the Incentivizing Export through Make In India, Make for World Scheme.
FOIJ requested the Prime Minister Union Commerce and Industry Minister for the grant the fiscal incentive in the shape of reimbursement of road freight to Industrial Units located in J&K for the export of goods to nearest Port to encourage the export of Industrial goods to other countries.
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