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| Existing working industrial units on verge of closure: FOIJ | | | Early Times Report
JAMMU, Oct 2: An urgent Meeting of the Federation of Inudstries, Jammu was held today under the Chairmanship of Lalit Mahajan, Chairman FOIJ, in the presence of Rajesh Jain, Deepak Dhawan, Jatinder Aul Co-Chairman, Virendra Jain Secretary General, Viraaj Malhotra Convenor and other Executive Committee Members to discuss the callous attitute of the JK UT Administration towards the Local Working Existing Units with the majority of Micro, Small & Medium Enterprises.
While appriciating the efforts of Govt. of India working under the able guideance of Hon'ble Prime Minister Narendra Modi, Union Home Minister Amit Shah with the grant of Rs. 28400 crores package of incentives for the setting up of New Indsutrial Units in J&K which will improve the Economic Health of the peoples of J & K UT but it is worthwhile to mention that only the Survival, Revival and Good Health of Existing working Industrial Units with the majority of Micro/Small industry will give a good signal to the Prospactive Investors from outside the Union Territory of J&K.
During the course of discussions the Members present in the meeting raised serious concern that the Exisitng Industrial Sector is facing hardship and about to collapse due to withdrawl of Price/Purchase Preference in Govt. purchases in post UT Regime /Non availability of Fiscal Incentives at par with the New Industrial Units as per the Package of Incentives 2021 as the ratio of quantum of Incentives for Existing Industry with the majority nof Micro/ Small sector in relation to employment is much lower v/s package of incentive for the new industry as notified by Ministry of Indsutries & Commerce Govt. of India. if the problems of the Existing industry are not resolved on priority basis , they will be forced to close down, thereby rendering lakhs of workers jobless which neither the Govt. nor the entrepreneurs can afford.
It is worthwhile to mention here that the JK UT Administration seems to be having casual approach towards the Existing as well as New Industrial Units being established under the Central Package of Incentives as it has been observed that Administrative Secretaries have been frequently transferred or given additional charge in a span of last two years resulting little attention has been given to resolve the pending issues of the Exisitng Indsutrial Units as well as in respect of Development of New Industrial Estates for providing land in time bound manner to the prospactive Investors and we fear that the the Prospactive Investors may delay in the setting up of their Units or abondened their projects due to non availability of Developled Land in the prosposed Notified Indsutrial Areas as no developled Land execpt in Ghati Ind. Areas) in Jammu Region is available for setting up of the Units and if the problem of Existing Units not solved on priority basis the Existing Unit Holders also opt for the clouser of their Untis resulting a serious setback to the Govt. of India Industrialization progremme of Union Territory of Jammu & Kashmir.
It is pertient to mention here that the Representation of Stake Holders has been withdrawn while constituting the Boards of the different Corporations relating to the Indsutries Department in post UT Regime resulting it is not possible for the Stake holders to highlight the various issues related to Indsutrial Sector in the Board Meetings. |
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