JAMMU: Federation Chamber of Industries Kashmir (FCIK) on Saturday hailed the Lieutenant Governor Manoj Sinha for his vision in creating an entrepreneur-friendly industrial ecosystem in J&K.
“The September 25th financial package gave hope to the entrepreneurs of J&K to run their business. Even in today’s meeting assurances by LG and Patient hearing during deliberations and presentation of demands over the present industrial scenario is praiseworthy,” President FCIK Shahid Kamli said in a statement after meeting LG Manoj Sinha in Rajbhawan Jammu.
FCIK administrative council delegation led by President Kamli apprised the LG about the present scenario of the industry which is ailing since 2009 and immediate action by the government required to save the industry which is employing lacs of skilled and unskilled in the valley.
The delegation also immediate restoration of marketing support which has been put on halt due to imposition of GEM portal and expressed satisfaction that LG assured the immediate remedial measures.
“We also discussed the release of due payments and delayed payments so that capital flow will help industries to run smoothly,” Kamli said.
He also said that a detailed discussion regarding industrial policy, agriculture, horticulture, poultry and handicrafts sector was discussed and FCIK was very positive over the assurances of LG to revive these sectors.
The meeting also discussed the GST claims/remissions and returns under SRO 63/519/521 and ambiguity related to vat returns caused by the pre-GST regime
The delegation also sought the intervention of LG Sinha to address their issues with financial lending institutions.
FCIK apprised the LG that the unitholders who are tired and unviable may be given exit route by way of OTS and the unitholders who still want to sail through even after distressed times over the years may be restructured and given ample working capital to restart their business immediately as the working season has started after COVID and harsh winters slowdown.
While thanking LG Sinha for his financial package on September 25, 2020, which gave hope to the unitholders and recent industrial policy, the FCIK delegation sought compensation to the business community for the losses suffered after August 5, 2019, and extending provision of benefits of industrial policy to the existing unitholders.
Meanwhile, FCIK thanked Advisor to LG Baseer Khan for his role in creating the positive ecosystem for the industries in J&K and his support to the industrialists during his different capacities.
A delegation led by FCIK president Kamli also called on Baseer Khan to express their gratitude for his support in addressing concerns of unitholders.
The delegation had a follow-up meeting with advisor Baseer Khan regarding the issues and demands as discussed earlier with LG where he was also present.
Meanwhile, a meeting was held with Commissioner Secretary Industries & Commerce Manoj Diwedi at the behest of LG at civil secretariat Jammu to discuss various issues including new industrial policy and the present health of the industrial sector in J&K.
The delegation also called on chairman PCB Chugh, MD SIDCO and MD SICOP and highlighted the issues concerning the unitholders.