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FOIJ seeks inclusion of locally-made industrial items in cross-LOC trade

Updated: Dec 24, 2018 06:00:01am
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FOIJ seeks inclusion of locally-made industrial items in cross-LOC trade

Jammu, Dec 24 (KNN) The Federation of Industries Jammu (FOIJ) has asked to include locally-made industrial items in the cross-LOC trade during their meeting with Jammu and Kashmir (J&K) Governor Satya Pal Malik.

FOIJ also raised various demands of businesses in J&K.

The delegation discussed some issues of urgent nature with regards to industrial sector of the state which include fixation of labour employment ratio, releasing of fiscal incentives to the industrial units, budgetary support to MSMEs, the spokesman said.

He said they delegations also raised the demand for inclusion of industrial items being manufactured in the State for the Cross LOC trade.

In a major step towards promoting rapid industrialization and economic prosperity in J&K, the Industrial Policy and Promotion (DIPP) approved extension of all benefits to J&K given to the northeastern states under North East Industrial Development Scheme.

The Governor observed that the package announced by the Union Government would go a long way in giving major boost to industrial sector in the state, the spokesman said.

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