SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) has put forth a comprehensive 10-point industrial revitalisation plan to Chief Minister Omar Abdullah, aimed at transforming Kashmir’s industrial landscape and generating 300,000 jobs over five years.
The proposal comes at a critical time as local industries struggle under mounting challenges. FCIK has pledged to create 60,000 jobs annually if the government supports the initiative with specific policy and financial measures, according to a statement issued by the industry body to the media.
Led by FCIK President Shahid Kamili, the high-level meeting held on Tuesday was attended by Chief Minister Omar Abdullah, the Deputy Chief Minister (virtually), and senior officials, including the Chief Secretary, Advisor to the Chief Minister, Additional Chief Secretary, and Principal Secretaries of Power and Finance. Also present were the Commissioner Secretary of Industries and Commerce, the MD of KPDCL, and key members of FCIK, including past presidents and estate representatives from across the valley.
The FCIK’s presentation highlighted the urgent need to stabilise Kashmir’s industries through a unified policy framework, immediate access to Central industrial incentives, and enhanced financial and marketing support. Key among their requests was the swift implementation of the Central industrial scheme worth Rs 28,400 crores, dedicated to strengthening existing industrial units. FCIK President Kamili emphasised the scheme’s transformative potential and urged for its deployment without restrictive conditions.
Former FCIK President Shakeel Qalander underscored the challenges stemming from multiple policies for industrial units, which have created confusion and hindered business operations. He advocated for a single, unified industrial policy to streamline processes for new and established enterprises alike. Qalander also flagged issues with delayed payments and inadequate marketing support, which have left many local manufacturers in financial distress. The FCIK suggested that government-backed initiatives to modernise and scale existing units could drive substantial growth in the sector.
The organisation raised concerns over sluggish credit flow to Micro, Small, and Medium Enterprises (MSMEs) and the burden of non-performing assets (NPAs). They proposed targeted measures to boost credit availability and resolve NPAs, which are impacting the growth of small and medium-sized enterprises. Infrastructure challenges were also discussed, with FCIK calling for the creation of additional large-scale industrial estates and upgrades to current facilities to support industrial expansion.
Chief Minister Abdullah responded positively to FCIK’s demands, assuring attendees of his administration’s commitment to addressing these challenges. He acknowledged the need for a unified industrial policy and pledged immediate steps in this direction. Furthermore, he assured equitable treatment for Kashmir, stating that any orders not implemented in Jammu would also be withdrawn in the Kashmir region.
The meeting also brought attention to composite tenders issued by various government departments, which often place local businesses at a disadvantage due to stringent turnover requirements. Chief Minister Abdullah committed to addressing these barriers, recognising the need for policies that support local businesses and promote inclusive industrial growth.
Representatives from key industrial estates, including those from Lassipora, Khunmoh, Ganderbal, Zakura, and Sopore, raised various estate-specific issues, from infrastructure to administrative challenges. District presidents from Anantnag, Pulwama, and Srinagar also discussed the challenges facing the unorganised sector, requesting support measures to ensure these units can thrive alongside larger enterprises.
