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FCIK hails LG Sinha for creating entrepreneur-friendly industrial ecosystem

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FCIK hails LG Sinha

BK News

Jammu, Feb 6: Federation Chamber of Industries Kashmir (FCIK) has hailed Lieutenant Governor Manoj Sinha for his vision of creating an entrepreneur-friendly industrial ecosystem in J&K.

“The financial package announced in September last year 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 lakhs of skilled and unskilled in the valley. The delegation also sought immediate restoration of marketing support which has been put to a halt due to the imposition of the GEM portal and expressed satisfaction that  LG  assured the immediate remedial measures.

“We also discussed the release of due payments & 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, according to FCIK, also discussed the GST claims/remissions and returns under SRO 63/519/521 and ambiguity related to VAT returns pertaining to 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 COVID19 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 a positive ecosystem for the industries in J&K and his support to the industrialists during his different capacities.

A delegation led by the FCIK president also called on Baseer Khan to express their gratitude for his support in addressing the 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.

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Economy

UAE delegation announces establishment of Kashmir Business Centre in Dubai: KCCI

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Kashmir Business Centre in Dubai

Malik Nisar

Srinagar: To facilitate J&K-based startups and entrepreneurs in Gulf countries for opening their operations, the UAE-based visiting business delegation has announced to open Kashmir Business Centre in Dubai, Kashmir Chamber of Commerce and Industries (KCCI) said in a press conference on Tuesday.

A 30-member UAE business delegation is on a four-day official visit to Jammu and Kashmir to explore the investment opportunities in the region.
President, KCCI, Sheikh Ashiq said during an interaction meeting with the local business community, the UAE-based delegation announced that a Kashmir Business Centre will be set up in Dubai for providing support to J&K-based entrepreneurs and connecting them to the relevant people there.
Ashiq said, KCCI not only welcomes the announcement but with the consent of the government will try its best that it materialises. He said the centre will also prove fruitful for a large number of youth, who go there in search of jobs.
Secretary General of KCCI, Farooq Amin, added that the business centre will provide an opportunity to young entrepreneurs who want to explore their new ideas but do not find them viable here. He said these new entrepreneurs will get the chance to explore their innovative ideas in the global market. The business centre will be more kind of an incubation facility, he added.
Amin said some of these youngsters have already presented their business ideas in the meeting and received applause from the UAE delegation. They will now directly contact these young entrepreneurs and will invest in their business.
Sheikh Ashiq said they are also mulling to send a J&K business delegation comprising of all the sectors to UAE for exploring the market for various kinds of produce and handicrafts there.
While welcoming the delegation for their investment proposals in J&K, KCCI hoped that local businessmen will be also included in their plans.
Ashiq said the delegation will also prove beneficial for the tourism promotion of the region as they will spread the word about the beauty and culture of Kashmir.
“We also told them that we need more international connectivity and we want global market should open for our people. Through these initiatives the unemployment rate can be brought down,” Ashiq said.

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Entrepreneurship

Cousin trio’s roller-coaster ride on entrepreneurial journey

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Cousin trio’s roller-coaster ride

Mahajan brothers’ plastic manufacturing unit survives many upheavals

 Dhaar Mehak M

The entrepreneurs approached SIDCO in order to call for help.The entrepreneurial spirit needs to be inculcated in a way that it survives under the harshest conditions. The highly motivated trio of cousins, who are manufacturing plastic household items in the Industrial Estate Lassipora, under the name ‘Mahajan Industries’, have proved this well. The conceptualisation dates back to 2012 when ‘cousin imaginative’ Idris, coming from a humble background, was working as a salesman in a wholesale plastic shop in the Jamia Masjid area of Srinagar. Idris, who was working as a salesman right from class 10th, recalls how worried he was always thinking that he could not stay inside the shell of a menial job for a long time or who knows forever!

During one of the family functions, Idris discusses his idea with only a silver lining, with some of his cousins. The thing Idris knew, back then, was that he wanted to do something, and he wanted to do it big. Hard work, he says, has been his blood and soul, but smart is what was missing from the equation. At the same time, coming from a humble background, says Idris Mahajan, comes with its own good, but dying in the same or worse situation is all a situation of blame putting directly on the shoulders of own persona. As such, two cousins seemed to pick up what he was dropping from his mind palace. One of them said that JKEDI was helping out in a big scheme, and the decision was made.

Taking a quick training of 15 days, three Mahajan boys: Idris, Suhail, and Waseem, got a workable sum from the EDI approved. Starting a land hunt from Khonmoh, the trio ended up in Lassipora when the estate was quite raw and undeveloped. One Kanal of land was allotted for construction and production. The idea for ideal production floated back through the old times. Idris, using his experience from his salesman days, proposed setting up a small plastic manufacturing plant. The trio went to Delhi to buy a machine, bargain for it and push the boundaries of life and entrepreneurship.

Seconds, minutes, hours, weeks and months of labour from grassroots to the rooftop was put in by the trio and the production process kick-started in 2015. The major lockdown of 2016 was only a year away and like any other fellow entrepreneur, the production process of the Mahajan brothers suffered immensely. The plant was closed for six months with dot zero production. For a startup to prevent itself from turning NPS a year after the initiation of production is the major roller-coaster anyone can ever be in, and so to speak, the Mahajan brothers have had their super ride. Brainstorming and jotting along with determination was put in play by the trio and the production process was restarted in 2017 amid chaos and commotion. The socio-political and socio-economic shocks of 2018, ’19, ’20 and ’21 came and went, the interest was paid due on time and the factory almost secured to their own name at the time of this conversation.

Currently, the unit makes plastic products like mugs (1.5 litre), dustbins, dustpans, ice-cream bowls and tubs. One of the stark features of local industrialisation rightly manifested by Mahajan Industries is the infinite market demand. Though the products of ‘Samrath’ have a fair market share in this bracket of products, Idris categorically says that they have never left any shortage of demand for their product. Instances like these highlight the consumer-oriented nature of the Kashmir economy over a production induced self-sufficient exporting economy. The only thing holding these guys back from capturing the local market is administrative bottlenecks.

They have applied for the allotment of more land in the same estate two years back. The paperwork is still going on. No positive outcome has surfaced over time. One of the most dynamic entrepreneurial features of these Srinagar boys is their business dedication. They put up in the factory for months at a stretch, living there and working there! In the beginning, Mahajan industries hired the machine operator, and the shock of 2016 sent him home, possibly never to return. That is when Idris took charge of operating the machine, and brothers followed in doing the rest. Since then, the Mahajan brothers operate their own factory, save their profits and live on a workable wage! The saving is made to do what?

‘To expand the business that the market is calling’… Idris talks so passionately about expanding the unit, getting a heavier machine, producing big drums (of 50 liters and above), the apple crates after all, and so much more! They work, they save, they are ready to invest, and they have ‘Himmat’, says Idris. But the authorities and the administration totally fail to see through the same. This is a case that can be generalised pan Kashmir where the administration fails to uphold the entrepreneurial spirits and the dynamic ideas of the people! As dynamic as the dot of plastic that Idris expands to shape into a number of utilises used by each one of us! Nothing can be better than a basket in our kitchens made and shaped by our own boys over some imported decorative show-off piece bought from YOYOSO outlet endorsing the multinational, multi-crore business of a Japanese money giant!

The Mahajan brothers are a positive externality to the whole industrial estate, and so are many of our dynamic entrepreneurs. Government, however, need to wake up and open the closed doors for these manufacturing enthusiasts.Cousin trio’s roller-coaster rideCousin trio’s roller-coaster rideCousin trio’s roller-coaster ride

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AgriBiz

FCIK aghast over govt plan to establish packhouse in Sopore

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Govt-owned packhouse in Sopore

Seeks use of cardboard manufacturing infrastructure created by private players

BK News 

Srinagar, Jan 17: Federation of Chamber Industries Kashmir (FCIK) has demanded that government should support the existing unit holders to fulfil the demand of the packaging and has taken a strong note of the government’s plan to establish 40 MT integrated packhouse at Doabagh Sopore, as it seems that government is giving birth to one more loss-making PSU. On the one hand, the government is planning to disinvest the PSU’s and establishing of the new one seems to be a disaster and repetition of the government mistakes which is unwarranted.

In a statement, FCIK President Shahid Kamili said the establishment of a packhouse by the government at Sopore will deal a severe blow to the existing pack houses established by local entrepreneurs. Kamili said there is no need to establish additional facilities when private entrepreneurs have already established around 150 state-of-art corrugated cardboard manufacturing facilities worth Rs 750 crores at various places catering to the Valley’s horticulture produce successfully.

It said the existing installed capacity of packaging products is more than the demand of the horticulture crop from the Valley and the additional facility by the government would also be a loss-making unit.“It seems that the government has not learned from its various loss-making PSUs. This facility would not only prove white elephant for the state exchequer but will also destabilise facilities put up by the local entrepreneurs. The non-functioning of the Government PSUs have proved that the PPP models have failed. Government should instead help the existing units to give a fillip to the private sector,” said FCIK.

Stating that the packing industry is already saturated and ruthless competition has pushed the existing units to the wall, the FCIK demanded that such line of activity should not be encouraged and instead existing units should be further augmented with Government hand-holding and capital infusion. FCIK said the existing units provide employment to around 2500 youth directly and 10000 indirectly who will also stare at expulsion if a government facility comes up.

FCIK further said Government should address other important issues including the tax evasion of the horticulture packaging products coming from outside J&K which have affected the local horticulture industry badly.

In this regard, the FCIK has urged the government to impress upon the Jammu and Kashmir Horticulture Planning and Marketing Corporation to cancel the tender inviting bids for the construction of 40 MT integrated packhouse at Doabagh Sopore and also sign MoUs with existing units so that government provides them with the marketing support to their business venture. Government should take local industry leaders on board before making such decisions as the local unitholders are aware of the current industry status and how it can be promoted. As the current supply from the existing units is enough and as per the required standards which is needed to be augmented by the government hand-holding and demands marketing support.

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