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Without Central Package of incentives, investors cannot be attracted to J&K: Jammu MSMEs

Updated: May 09, 2016 11:25:41am

With Central Package of incentives, investors cannot be attracted to J&K: Jammu MSMEs

Mumbai, May 9 (KNN) The Jammu MSMEs have hailed the state government’s initiatives for growth of industrial sector in the state, but at the same time the MSMEs highlighted the need for Central Package of Incentives without which, they say, the investors would not be wooed.

The Bari Brahmana Industrial Association (BBIA) held an urgent meeting of its members under the chairmanship of Lalit Mahajan, President, BBIA.

During the meeting the members appreciated the Initiatives taken by Chief Minister Mehbooba Mufti and Industries and Commerce Minister Chander Parkash for speedy industrial growth in the state which will open the employment opportunities for local unemployed youths.

“In this regard, we wish to draw the kind attention of the state government that without the Central Package of incentives it is not possible to attract the investors from outside the State as well as local entrepreneurs as our state is a Land Lock State and due to additional cost of transportation of raw materials and finished goods our product cost always remains un-economical in the market across the country,” BBIA said.

BBIA further added that the industrial sector is also neglected in the Cross LOC Trade as most of the items manufactured in the state is not included in the list of Items approved for the Cross LOC Trade.

“It is very unfortunate that in spite of our repeated requests and representations to Government of India in this regard nothing has been done so far which shows the casual attitude of the Central Government towards the industrial sector of J &K,” BBIA said.

Further the members present in the meeting highlighted the issue related to the long pending demand of the industrial sector for the establishment of Mother Industry in the state to provide ample scope for ancillary units.

“No action has been taken by the central government and we term it as step motherly treatment with our State in comparison to the neighbouring states like Punjab, & Haryana,” BBIA said.

The members also raised their concern about the cumbersome guidelines framed by Government of India for the disbursement of freight subsidy & other incentives due to which the allocation of funds by the Centre remains unutilized.

“Government should issue fresh guidelines under Ease of Doing Business Concept,” demanded the MSMEs.      

The MSMEs urged the government to take up their issues on urgent basis and take steps to resolve them. (KNN Bureau)


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