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| Rather holds pre-budget discussions with Jammu industry | | | Early Times Report
Jammu, February 8:
Continuing with his initiative of consulting segments of trade and industry before finalising the budget, Minister for Finance, Abdul Rahim Rather today held detailed discussions with the representatives of industry, trade and business community of Jammu province.
Among those who met the Minister and came up with suggestions included delegations of Jammu Chamber of Commerce & Industry (JCCI), Associated Chamber of Traders Federation (ACTF), Federation of Industries (FOI) of Samba, Gangyal, Bari Brahmna, Birpur and Kathua industrial estates, Retailers Federation, Electric Dealers Federation, Dry Fruit Dealers Association, Warehouse Traders Association, Ply board Dealers Association, Brick Klin Owners Association etc.
Welcoming the trade representatives, Rather said it has been his endeavour to take suggestions from the trade and industry before finalising budget proposals so that their feedback based on practice is incorporated. He said it was he, as Finance Minister in 2001, who introduced this practice in the State.
The Minister said Government is taking many steps for the growth and progress of the industry in the State and it would continue to do so in future also. He stressed on greater interface between industry and Government for the redressal of their genuine grievances.
Describing the proposed General Sales Tax as a trader friendly law, Rather said the Central Government is bringing an amendment in the Parliament to empower States for it, the draft of which is with the Empowered Committee of Finance Ministers, of which he is the chairman. He said the new toll plaza at Lakhanpur is almost ready to end congestion and complaints of traders.
Appreciating the Minister for his initiatives to ease the difficulties of business community, the trade representatives suggested adoption of uniform tax structure in line with other States, setting up of wholesale markets outside city limits, land acquisition for new industrial units, awareness tours for entrepreneurs, issuance of guidelines for eco- tourism.
The trade representatives also suggested setting up of Horticulture and Export Promotion Boards in the State, opening of Nowshera-Mirpur and Suchetgarh-Sialkote routes across LoC for boosting economy of the region and developing them as tourist attractions, better connectivity, on the job training for technically trained youth, encouraging joint ventures between local entrepreneurs and outside concerns, regular intellectual exercises like seminars on issues like energy audit, carbon credit etc. use of non-conventional energy for street lighting and other suggestions.
Economic Advisor, Jalil Ahmad Khan, Commissioner-Secretary, Finance, Sudhanshu Pandey, Commissioner, Commercial Taxes, Khawaja Bashir, Excise Commissioner, G. A. Peer and other officers were present in the meeting. Besides, President, JCCI, Y.V. Sharma, President, ACTF, Yash Pal, Chairman, FOA, T.S. Reen and other representatives of several segments of industry also attended the meeting.
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