KCCI wants NEIDS version for J&K

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Srinagar

The Kashmir Chamber of Commerce and Industry on Thursday urged the State Government to strongly push for a scheme on the pattern of the recently approved North-East Industrial Development Scheme (NEIDS) 2017.

The President, KCC&I Javid Ahmad Tenga stated that the Kashmir Chamber had already taken up the issue with both the State and Central Governments and were hopeful that the State Government would urgently follow-up on this much-needed incentive package for the development of industry in the State.

Tenga also drew the attention of the State Government towards the need for following up on important announcements made in the State Budget. In this regard, special mention was made of the announcement regarding applicable power tariff to Hotels which was to be put in effect from the 1st of April, 2018. The waiver of interest/penalty on power tariff was also announced.  No requisite orders have so far been issued in this regard, which has caused confusion and anxiety amongst the stakeholders.

Similarly, the scheme announced by the Industries and Commerce Department regarding Hotels also suffers from lack of effective implementation which has acted as an impediment in the smooth flow of incentives to the local industries. The Kashmir Chamber urged the State Government to ensure effective follow-up for these critical interventions.

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