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.
