JAMMU, Dec 4: The members of CII J&K State Council have urged upon the Union Minister of State in PMO, Dr Jitendra Singh to come to the rescue of industry in the J&K State.
During an interactive meeting with Dr Jitendra Singh, at his residence at Kushak Road, New Delhi, the delegation of CII, led by Sheikh Imran, Chairman, CII J&K, shared the pressing issue of industry in J&K. Sheikh Imran shared the losses that the industry has been facing in all regions of the State due to ongoing unrest. He briefed the Minister on the demands and support that industry is seeking from the Central Government in these troubled times.
In the memorandum submitted to Dr Singh, CII listed various macro-level matters related to the thrust sectors of the State like tourism, agriculture, horticulture, power and connectivity. The main objective of the meeting was to seek the support of Central Government in extending the J&K Package II, beyond 2017. It is important to note that the package which includes Central Capital Investment Subsidy Scheme, Central Interest Subsidy Scheme, and Central Comprehensive Insurance Subsidy Scheme is applicable only till 2017.
The CII has demanded that considering recent natural calamities and unrest, the same should be extended further to 2025. In other demands, CII also requested Dr Singh to impress upon Central Government about the major issue of T&D losses incurred by the State. Currently the T&D loss of the state stands at 58%. CII proposed building an effective mechanism to reduce the losses.
CII members also called for a conducive and growth oriented tourism policy for the State. They also suggested that Central incentive scheme such as Interest subsidy, Capital Investment Subsidy, Heli-Aviation Incentive etc should be given for new Tourism projects and for the upgradation of the existing projects.
They added that the industry in J&K needs marketing intervention schemes and extended export incentives on J&K State products for exports from J&K clearance centers.
Dr Singh heard the plight of industrialists from the State and assured his full support. Gourav Mahajan, Head, CII J&K State office and Rajesh Sharma were also present during the meeting.