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| Govt to verify raw material consumption in Industrial units | | | EARLY TIMES REPORT
Jammu, Mar 27:- The state Government has decided to introduce annual verification of raw material consumption statement to replace existing quarterly verification which has been in practice hitherto. The change is expected to provide relief to the industrial unit holders against getting engaged in arranging for quarterly review of the utilization of the raw material
Official sources said that verification of raw material consumption had been introduced simply to check whether the industrial unit owners actually utilized the raw material that they had procured from the Government agencies and imported in various cases or not.
They said that invariably it had been found in the past that major quantity of raw material used to be sold in black while on paper its utilization was shown. This practice had been checked after the introduction of the verification process. The sources said that it was on the suggestion of industrialists that the quarterly verification had been replaced by the annual verification of consumption of raw material. They said that in various cases industrialists were not able to utilize raw material on quarterly reasons because of certain constraints in the shape of electricity supply problems, labour and other problems.
It had been requested the central Government to increase its investment and that of public sector in Jammu and Kashmir by setting up even small industrial units. The centre was communicated that as a result of militancy related activities public and private investment in the industrial sector in Jammu and Kashmir has been very poor when compared to the state like Himachal and Uttrakhand.According to these sources, the state Government had been communicated to the Government of India that since the security scenario had improved in the state the centre could explore the possibility of investing the industrial sector in Jammu and Kashmir so that the losses during the last two decades could be made up by increased investment.
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