JAMMU, Feb 15: Federation of Industries Jammu (FoIJ) has welcomed the decision of the Govt to modify SOP on cross LoC trade and said that it would help the traders/ industrialists of the J&K in big way.
In a meeting of the members of the FoIJ held today under the chairmanship of Lalit Mahajan, chairman in presence of Rajesh Jain, Vijay Aggarwal, Ajit Bawa, Romesh Badyal, Jainder Aul, (Co-Chairmen), SB Abrol secretary general, Ajay Langer and others, all the members from different constituents of Federation of Industries discussed the current scenario of cross-LoC trade.
While appreciating the Govt decision to modify the present Standard Operating Procedure (SOP) for cross LoC trade, the member present in the meeting raised their serious concern in respect of non-inclusion of majority of Industrial products being manufactured by MSME Sector of J&K in the current SOP resulting great resentment amongst the Industrial fraternity.
It is pertinent to mention here that the MSME sector of our State is suffering due to locational disadvantages and shallow market avenues as it is difficult for them to sell their products in the neighboring States and if an opportunity is provided to the Unit holders to sell their products through cross LoC trade, it will boost the confidence of the Industrial units and overall economic development of the State.
“ We strongly suggest that all goods manufactured in J&K be brought into the ambit of LoC trade to explore new market for local industry which includes Ferrous & Non Ferrous products, Pharma and Health Care products, Food products, Packaging Material, Pesticides, Building Material, Paint Hardware, Electrical goods, garments, Blankets & Carpets, IT Products, Engineering Goods, Stationery Items, Cattle/ Poultry feed, Chemicals etc being manufactured by local MSME Sector. We also suggest that Permanent Registration Certificate of Industrial Unit duly registered with Directorate of Industries & Commerce Jammu/Kashmir shall be treated as Trade Permit for the cross LoC trade,” Mahajan added.
It was further resolved in the meeting that Govts of India & Pakistan should take initiatives for holding buyers- sellers meet of the stake holders of industries and trade on regular basis to explore the market for the items manufactured/produced for cross LoC trade and to resolve the issue like Telecommunication facility, financial transactions through banks.