Excelsior Correspondent
JAMMU, Dec 10: Bari Brahmana Industries Association (BBIA) has demanded fiscal incentives at par with the new units in the Lt Governor proposal sent to Government of India for the extension of industrial package under NCSS-2021 to Rs 75000 crore.
“To save the existing working industrial units and on the basis of massive response to central package of incentives, it is the need of the hour to extend the package to Rs 75000 crores with the grant of all the fiscal incentives to existing working units at par with the new units which will provide relief to existing as well as new units,” said Lalit Mahajan, Chairman of Federation of Industries and President of BBIA, in a statement issued here today.
He said that Bari Brahmana Industries Association appreciates the step taken by Lt Governor Manoj Sinha for the extension of package of incentives to Rs 75000 crores and requests Prime Minister Narendra Modi, Home Minister Amit Shah, Chief Minister Omar Abdullah and Dy Chief Minister Surinder Kumar Choudhary for the extension of central package of incentives to Rs 75000 crores with the grant of fiscal incentives to existing working industrial units at par with new units which will create employment opportunities for local youths of J&K.
Lalit Mahajan pointed out that approximately 300 applications of new units are pending for the approval with the Industries Department of J&K as the present package of Rs 28400 crores has been exhausted. It was also brought into our notice that request of Industries Department of J&K is pending with the Department for Promotion of Industry & Internal Trade, New Delhi for the approval of pending cases with the provision of 115 percent of the approved funds (total allocation of Rs 32394 crores) but the decision is pending at the Secretary level of DPIIT resulting uncertainty prevails in the mind of the prospective investors, he added.
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