Excelsior Correspondent
JAMMU, Dec 5: Federation of Industries Jammu (FoIJ) has welcomed the decision of the JKUT Administration for holding regular interaction with representatives of the Industrial sector in the Jammu and Kashmir.
A meeting of the members of the Federation was held here today under the chairmanship of TS Reen, chairman of the FoIJ in presence of Lalit Mahajan and Deepak Dhawan, Co-Chairmen, Viraaj Malhotra secretary general, Pardeep Vaid convenor and other Executive Committee members in which the members welcomed the decision taken during the introductory review meeting of Industries & Commerce Department under the Chairmanship of Atal Dulloo, Chief Secretary, for regular interaction with the representative of Industrial Sector for the growth of MSME Sector in JKUT.
Members conveyed their gratitude to the Chief Secretary and Commissioner/ Secretary Industries & Commerce Department, Vikramjit Singh, for taking appropriate steps to ensure the growth of MSME Sector in JKUT with the decision to have regular interaction with the stakeholder to resolve the issues related to the existing as well as new units being set up under the NCSS-2021 package of incentives announced by Govt of India.
It is pertinent to mention here that it is the need of the hour to save the existing working Industrial units of JKUT (mostly run by the sons of the soil) working in spite of all odds since last 33 years and providing direct and indirect employment to lakhs of local people, with the grant of fiscal incentives at par with the New Units being set up under the NCSS-2021 by revisiting of Jammu & Kashmir Industrial Policy 2021-30 with the consultation of stake holders to review the turnover incentives on the basis of actual turnover of each financial year and the reimbursement of GST to units who opt for substantial expansion after 01-04-2021. Moreover, due to locational disadvantages, the worst suffers were the micro and small scale sector of J&K after the Govt purchases has been shifted to GeM Portal, as it is not possible for them to sell their products in other parts of the Country due to additional cost of raw materials.
FoIJ requested the Chief Secretary Atal Dulloo for the reconstitution of Industrial Advisory Committee with the participation of stake holders to have regular meetings to resolves the issues of MSME Sector.
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