Early Times Report
JAMMU, Oct 8: Lalit Mahajan, President, Bari Brahmana Industries Association presented a memorandum to Ramchandra Prasad Singh, Union Minister for Steel in the presence of Soma Mondal, Chairman, Steel Authority of India Limited, Puneet Kansal, Joint Secretary to the Government of India Ministry of Steel, Anoo Malhotra, Director Industries & Commerce, Jammu, Tarun Singla Sr. Vice President, Viraaj Malhotra General Secretary, BBIA on behalf of industry fraternity of Jammu province.
Mahajan conveyed heartiest thanks to Prime Minister for the grant of fiscal incentives for the industrial sector of J & K as per the notification issued by Ministry of Commerce and Industry Government of India as per the Industrial package 2021 and said that industrial fraternity of Jammu & Kashmir termed it as a beginning of new era of development & industrialization.
“We hope that industrialization will achieve a new height in the coming days to provide employment opportunities to the local youths as well as overall growth in the economy as we are expecting huge investment in industrial sector of J&K on the basis of Rs.28,400 Crores central industrial package announced by Government of India,” said Mahajan.
Issues like compulsory purchase by Central Govt. /Union Territory of J&K Government departments from the local steel rolling mills, reduction of GST on iron scrap, establishment of mother industry in Jammu & Kashmir by public sector undertaking for the manufacturing of products by SAIL, Rail Coach Factory, fertilizer plants, defense production unit, automobile sector with spin off benefits in terms of ancillarisation, generation of employment, procurement of local raw materials were discussed during the meeting.
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