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news details
BBIA hails MHA decision to revisit cross LoC Trade Policy
4/20/2019 11:07:51 PM
Early Times Report

Jammu, Apr 20: A meeting of the members of Bari Brahmana Industries Association , Jammu was held today under the Chairmanship of Lalit Mahajan to discuss the current scenario of Cross-LoC Trade for Industrial Sector in the light of Suspension by Ministry of Home Affairs, Govt. of India. While appreciating the Govt. decision to Suspend the Cross LoC Trade for the time being to revisit the present Standard Operating Procedure (SOP) to plug the Loopholes in respect of the Trade was being misused by some Elements from the Neighbouring country, the members present in the meeting raised their serious concern in respect of non inclusion of majority of Industrial Products being manufactured by MSME Sector of J&K in the previous SOP resulting great resentment amongst the Industrial Fraternity. It is worthwhile to mention here that as per the previous SOP, only those items were included for Cross LoC Trade which were "Produced or Manufactured in the both parts of the State" but the majority of the Items traded since 2008 till date were not Produced nor manufactured in the State which we termed as a clear violation of previous SOP by the implementing Agencies.
It is pertinent to mention here that the MSME Sector of our State is suffering due to Location disadvantages & shallow market avenues as it is difficult for them to sell their products in the Neighboring States as well as in the Neighboring Countries and if an opportunity is provided to the Unit holders to sell their products through Cross LoC Trade, it will boost the confidence of the Industrial Units and overall Economic Development of the State. Others who were present in the meeting included Suresh Mahajan Sr. Vice President, Varun Singla Vice President, Ajay Langer, General Secretary, Vivek Singhal Secretary, Viraaj Malhotra Treasurer BBIA.
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