Kashmir Industry Body Unveils Strategic Overhaul to Reboot Industrial Growth

   

SRINAGAR: In a decisive push to revive the Valley’s struggling industrial landscape, the Federation of Chambers of Industries Kashmir (FCIK) has unveiled a strategic revamp plan aimed at addressing systemic challenges, boosting entrepreneurship, and generating sustainable employment opportunities across the region.

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FCIK delegation meets Deputy Chief Minister, Surinder Choudhary on October 25, 2024, and briefs him about the state of manufacturing sector.

The announcement was made during a day-long meeting of stakeholders, presided over by FCIK President Shahid Kamili. The session, attended by a wide spectrum of industrial leaders, estate presidents, district heads, and sectoral representatives, also featured the introduction of potential candidates under a “Know Your Candidates” initiative ahead of FCIK’s upcoming elections.

The gathering served as both a strategic dialogue and an introspective moment for the region’s industrial sector. Participants highlighted the deep-rooted issues afflicting Kashmir’s industry, including persistent policy neglect, absence in public procurement frameworks, limited access to affordable finance, and ailing industrial units grappling with outdated infrastructure.

In response, FCIK’s proposed revamp strategy envisions a forward-looking, transparent, and inclusive approach to industrial growth. The plan focuses on proactive engagement with government departments to push for policy simplification, expedited clearances, and effective delivery of incentives for entrepreneurs. It also seeks enhanced collaboration with financial institutions to improve credit flows to MSMEs and revive debt-burdened units.

A renewed emphasis was placed on securing the local industry’s rightful share in public procurement, boosting indigenous manufacturing, and expanding market access through digital platforms, export facilitation, and participation in national and international trade exhibitions.

Members also underscored the urgent need to upgrade existing industrial estates and establish new ones equipped with modern infrastructure, consistent power supply, and better connectivity. The phased implementation of this roadmap, beginning with stakeholder consultations, is expected to unfold in the coming months.

Senior industry voices, including Shakeel Qalander and Zahoor Ahmad Bhat, called for the emergence of a dynamic FCIK leadership rooted in integrity, inclusivity, and regional balance. They said the success of the organisation hinges on individuals with a proven track record of honesty and a sincere commitment to industrial advancement.

Addressing the gathering, Shahid Kamili reflected on the achievements and challenges faced during his tenure. He acknowledged the adverse operating environment but reaffirmed his team’s dedication to advocating for entrepreneurs and pushing policy reforms. Kamili said he remained proud of the progress achieved and optimistic about the resilience of Kashmir’s industrial sector.

In a move to strengthen the electoral process within FCIK, Mohammad Yousuf Techo was tasked with coordinating with the Election Commission to address member grievances regarding enlistment in the voter rolls.

Among those who spoke on the occasion were Meraj Ahmad Qureshi, Ghulam Mohiuddin, Farooq Ahmad, Mohammad Ashraf, Javid Ahmad Bhat, Afaq Qadiri, Mohammad Muzaffar, Abdul Raheem Sofi, Sheikh Nisar Ahmad, Ghulam Mohammad Tramboo, Nazir Ahmad Mir, Parvez Ahmad Naik, Munshi Muzaffar Hussain, Irshad Ahmad Bhat, Shahi Jehan, Khalid Zehgeer, Ghulam Mohammad Bhat, Ashfaq Majeed, Masood Ahmad Wani, Ovees Jami, Firdous Ahmad, and Makhmoor Gowhar.

The meeting concluded with a renewed sense of purpose and unity, as FCIK prepares to reimagine its role in guiding Kashmir’s industrial revival.

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