Like our Facebook Page

Early Times Newspaper Jammu, Leading Newspaper Jammu
Breaking News :   'Blue-eyed' MBBS holders to head nursing schools | 70 yrs on, refugees crave for rights | Tourism Deptt can't absolve itself of deaths during rafting | PUF may upset applecart of Abdullahs | Teacher thrashes, injures 15 students in Doda | Teacher who punished students suspended | After ignoring voters, BJP trying to befool people again | Stray incidents of violence even take place in France, US, England: Governor Malik | 10 security personnel lost their lives in 5 days | Munish thanks people for their love, support | Will distribute my salary among needy' | Remembrance of Pandit Jagar Nath Watal A Freedom Fighter and Humanist | Pandits are a divided lot as far as their return to valley is concerned | Div Com reviews preparations for implementation of 'Back to Village' prog at Kathua | Stephens Institute of Paramedical Sciences organizes blood donation camp | Natrang's 'Bawa Jitto' mesmerizes thousands in Aghar Jitto Mela | Maiden football match played under floodlights at Srinagar's AstroTurf ground | Taekwondo team bags 7 medals in Olympic Ranking championship | Regional Outreach Bureau organizes special yoga camp for ladies | Awareness camp cum training session on Yoga organized | Two govt schools yet to be clubbed in Baramulla | People help police to nab militants | Massive reshuffle in civil, police admin on cards | ACB raids former J&K Bank chairman Parvez Ahmad's properties in Srinagar | Farooq Abdullah calls for examining 'one nation, one poll' idea | Promoted seek help from SPOs to fill challan form | Timber distribution in Budgam: RTI exposes fake beneficiaries | One more leader to join PUF soon | High School Nagbhatna Kuntwara has 3 teachers for 300 students | PDA, MC Pahalgam fail Garbage Treatment Plant; Dump solid waste on river bank | BDO Sunderbani ignores ADC Rajouri's order | Student to cycle from Kashmir to Kanyakumari to highlight country's water woes | Rasikh Salam gets 2-year ban for submitting faulty birth certificate | Targotra Biradari honours meritorious students | Directorate of Industries & Commerce organizes yoga sessions for employees | Wildlife department orgainsed awareness camp at Malla | Migrants land encroached in Khanoo Babagund | Bail denied in rape case | Court rejects bails in hawala case | After brief respite, temperatures rise again in J-K | Electrification, system strengthening, loss reduction works in PDD devolved to PRIs | Justice Rabstan directs speedy disposal of pending cases | Cong, BJP did nothing for Deshmesh Nagar: Locals tell Munish | Shiva Colony craves for development, Swachata Abhiyan | 4 Children, stuck in ropeway trolley, rescued | Govt orders transfers, postings in civil administration | Advisor Skandan reiterates Govt's commitment to strengthen tourism infrastructure | Governing Body reviews functioning of SMVD Narayana Superspeciality Hospital | 3 ALLEN students in top 10 AIR, 38 in top 100 AIR | Mayor lays foundation stone of community toilet at Channi Rama | Power shut down | Traffic Police City seeks applications for hiring of PSVs | Major terror attack foiled as police arrest five HM supporters | Airports Authority of India, Jammu organizes blood donation camp | DSEJ provides Adolescent Education to 40,000 students | 22 year old slip to death while taking selfie in Kishtwar | Mendhar family urges GoI to help bring body of kin who died in Saudi Arabia two months ago | DC Doda approves 143 cases under PMEGP | Deputy Mayor reviews preparations for Amarnath Yatra | Cancer Hospital within GMC Jammu an unwise decision: AAP | Civil Defence organizes awareness camp on disaster management | Man held with pistol in Jammu | AoI alleges departmental harassment of micro-small units, seeks Guv's intervention | Designate PIOs in all business units; RTI Movement appeals Chairman JK Bank | DC Jammu convenes DLSCC meeting | Back Issues  
news details
Apathetic attitude destroying local Micro, Small Industrial sector: AOI
12/18/2018 9:36:05 PM
Early Times Report
JAMMU, Dec 18: Annual General Meeting (AGM) of Association of Industries (regd.), Gangyal, Jammu was held under the chairmanship of Rattan Dogra, President,AOI-Gangyal and said that apathetic attitude is destroying local Micro and Small Industrial sector in the state.
The AGM meeting was attended by all office bearers, Bansi Lal Gupta - Senior Vice President, Ashok Jain - Vice President, Pardeep Vaid - General Secretary, Sandeep Ohri - Secretary and Lavinder Puri - Treasurer including a large number of members of the Association.
AOI members shown their anguish and deep resentment for the current grim situation being faced by local MSME sector arisen out of the non serious and unsympathetic attitude of the State Government which fails to acknowledge its due significant role as the single largest sector providing employment opportunities besides State Government.
Entrepreneurs were vehemently stressing that all their vital pending issues related to fiscal incentives have remained largely unattended despite one and half years of shifting to GST regime. The previous regime utterly backed out of all their promises and public assurances towards the continuity of all fiscal incentives available to local Small and Micro units. This is pertinent to once again stress local MSME sector was protected through various fiscal incentives both from Central and State Government which only provided level playing field to offset the higher input cost and higher cost of production.
This merely enabled local Small and Micro sector to survive and in absence of adequate fiscal incentives most of the local industrial units are on the verge of closure as these units have almost consumed their working capital resources as diverted to meet the tax obligation under GST regime. This has already started in resulting in turning their accounts as NPAs with most of the Banks which is ultimately going to reflect in mass retrenchment of the already employed in these local units.
Entrepreneurs were confident that all their unattended/unresolved issues shall be suitably addressed in the Hon'ble Governor's regime as the previous regime shown its bias not to listen to the woes and grievances of the local Small and Micro sector and deliberately avoided to address suitably resolve. AOI acknowledges that due to political compulsions Government was in hurry to approve next year's budget which has no apparent assurance to restore their competitive edge through Budgetary support.
AOI appealed to the Governor and Advisor to Governor to personally intervene in the matter immediately to take remedial measures to save this vital employment provider sector from total disaster as the local entrepreneurs have reached a stage where they are left with no alternative but to permanently down their shutters and come on roads to hand over the keys of their enterprises to the administration.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
Early Times Android App
BSE Sensex
NSE Nifty
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
J&K Govt. Official website
Jammu Kashmir Tourism
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
Train Enquiry
Jammu Kashmir Bank
State Bank of India
Passport Department
Income Tax Department
IT Education
Web Site Design Services
Jammu University
Jammu University Results
Kashmir University
IGNOU Jammu Center