news details |
|
|
| JK fails to attract new industrial entrepreneurs | | | Early Times Report
Jammu, Jan13- Despite series of incentives, Jammu and Kashmir Government has failed to attract industrialists for setting up units in the state. The amount of state and central Government incentives, even after the abolition of excise refund package, for the industrial entrepreneurs have hardly helped the state in seeing medium and small scale units getting established in various industrial estates.
Official sources confirmed that those who set up industrial units in Jammu and Kashmir were entitled to get capital investment subsidy, 100 per cent excise exemption for 10 years, income tax relief for five years, 100 per cent subsidy on testing equipment, incentives on capital goods, term loan and transportation. Besides this, the industrialists were entitled to subsidy on cost of preparation of project reports and 100 per cent subsidy on purchase of new diesel generating sets. These incentives could have been sufficient to attract industrialists to set up units in Jammu and Kashmir.
Recently, Punjab Chief Minister, Prakash Singh Badal, conveyed his displeasure to the central Government on the plea that it had sanctioned number of industrial incentives in Jammu and Kashmir, Himachal, Uttranchal and north east with the result there has been marked flight of industrialists from Punjab, where the incentives were meager, to Himachal and Uttranchal. Unfortunately Jammu and Kashmir again failed to woo these industrialists who had deferred their plan of setting up units in Punjab. And possibly this very flight of industrialists had resulted in the investment of Rs.80,000 crores in Himachal and Rs, .one lakh crore in Uttranchal during the last three yars. Against this there has been an industrial investment of Rs.4500 crores in Jammu and Kashmir.
Number of industrialists, who had desired to set up units in Jammu and Kashmir, revealed their problems in establishing the units. They said the problems they confront start right from land acquisition. Under Article 370 of the Constitution of India a non-state subject was not eligible to purchase land and under an amended policy he could buy it through either the SIDCO or through SICOP. The red tape is the worst enemy of industrial growth. A young industrial entrepreneur from Punjab said that for seeing files move one has to pay big sums of money right from class IV employee to senior officers. He said after spending three months in Jammu he had decided to set up his unit in Himachal. He also stated that the Pollution Control Board acted as a major hurdle by raising repeated objections in one form or the other even before the construction of industrial shed.
Another industrialist said he too had decided to go to Uttranchal side after he found the state of Jammu and Kashmir plagued by severe power crisis. He said apart from electricity shortage the erratic power supply had enhanced the headache of the industrialists in the state. Official sources said that apart from tardy growth in new industrial units a large number of already set up units had become sick during the last five years. The sources confirmed that the Government's plan to rejuvenate the existing units had not yet been taken in hand.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
