J&K MSMEs seek turn over incentives, road freight reimbursement

Jammu, Nov 9 (KNN) Micro, Small and Medium Enterprises (MSMEs) have demanded turn over incentives and road freight reimbursement for the industry situated in Jammu and Kashmir (J&K).

Federation of Industries Jammu (FOIJ), Chairman, Lalit Mahajan, and president of the Industrial Associations of Jammu Province while conveying their heartiest thanks to Manoj Sinha, Lt Governor of J&K and officials of the other concerned departments for timely release of 1st instalment of 5 per cent interest subvention relief, they also urged the government to provide turn over incentives, road freight reimbursement on the import of raw material and other benefits to the industry in the J&K.

Chairman FOIJ, while welcoming the latest amendments made in the state land laws which will open doors for the huge investment in J&K urged Lt. Governor to provide state/central government fiscal incentives to existing units, units under substantial expansion and new units.

Apart from demanding,  road freight reimbursement on the import of raw material from outside and export of finished goods to other part of country and exports, FOIJ also demanded turnover incentives to Micro & Small Scale Units selling their goods within the UT of J&K; Budgetary support of 2 per cent turnover on inter-state sale to all the Units; State CGST/SGST reimbursement benefits to existing units, units under expansion and new units; protection to local MSME Units with the price and purchase preference in respect of purchase by state/central government departments and free hold rights to the working industrial units for the land allotted by J&K SIDCO/ SICOP on lease basis.