Excelsior Correspondent
JAMMU, Nov 25: Ahead of the Union Government’s high-level apex committee meeting on the long-pending revision of the Jammu & Kashmir Industrial Package, the Federation of Industries Jammu (FOIJ) has urged that its core concerns be given consideration during the meeting.
In a meeting chaired by FOIJ chairman Virendra Jain and attended by senior office bearers, the body reviewed pressing issues affecting local industry and outlined what it hopes will be addressed as part of the upcoming policy deliberations.
A key proposal reportedly under examination is the enhancement of the existing Rs 28,400-crore industrial package to Rs 75,000 crore, a move that could attract substantial new investment and generate wide-ranging employment opportunities across the Union Territory.
Virendra Jain said such an initiative can help revive pending projects and strengthen investor sentiment, potentially accelerating industrial development. FOIJ expressed its willingness to work with all stakeholders to enable smooth implementation of any revised package.
The Federation highlighted the need for operational incentives to be extended to existing Micro and Small Enterprises, noting J&K’s longstanding locational disadvantage as a landlocked region. It pointed out that earlier incentive frameworks ensured parity between new and existing units, and stressed that similar support—particularly GST-linked operational incentives—is crucial for units currently under financial strain.
FOIJ urged the DPIIT and MSME Ministry to frame operational incentive provisions for existing industries to ensure a level playing field.
It also appealed to Home Minister Amit Shah, J&K LG Manoj Sinha, Chief Minister Omar Abdullah and Deputy Chief Minister Surinder Chowdhary to ensure that the NCSS framework incorporates operational benefits for both new and existing enterprises.
The Federation further requested the intervention of Dr Jitendra Singh, MoS in PMO, to examine the concerns placed before the Government.
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