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| FOIJ appeals to save local industries | | |
Early times Report
Jammu, Sept 7: Federation of Industries Jammu (FOIJ) has appealed Lieutenant Governor, Manoj Sinha to save local working industrial units from closure, which have been suffering badly due to lockdown since August 5, 2019.
While appreciating the efforts of KK Sharma, Advisor to Lt. Governor, Manoj Kumar Dwivedi, IAS, Commissioner/Secretary Industries & Commerce Department and other Officials of the Industries Department to Identified 6000 acres of land for industrial development in the Union Territory of J & K for the setting up of New Industrial Units, it is the need of the hours to save the existing industrial units of the State (mostly run by the Sons of the Soil) working in spite of all the Odds since last 30 years, having limited marketing avenues due to land locked state surrounded by China and Pakistan, by providing the state fiscal incentives for the sale within the state of Jammu & Kashmir and surviving only on fiscal incentives by previous popular govt.’s since last so many years, the press release reads. “It is worthwhile to mention here that on one side Govt. is going to spent crores of rupees for the development of new industrial estates but on other side the employment graph in Jammu province has been declined in the industrial sector in last three years with the employment of just 6462 employees in 523 units started the production, due to non-availability of State fiscal incentives for New units in post GST regime”, they said.
FOIJ sought intervention of LG for the grant of State fiscal incentives to existing as well as new units as per the Memorandum submitted by the stake holders from time to time during last one year. |
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