Excelsior Correspondent
JAMMU, Jan 22: The Federation of Industries Jammu (FOIJ) has expressed strong resentment for not seeking their proposals to be included in the J&K Budget for the next financial year.
In an emergency meeting largely attended by representatives of all sections of Industries of Jammu Province chaired by Virendra Jain, Chairman, and attended by Co-Chairmen Jitender Aul, Lalit Mahajan, SC Dutta, Ajit Bawa, Viraaj Malhotra, secretary general, Sanjay langar, Convenor, Federation of Industries, Jammu (FOIJ), utmost resentment and anguish was expressed for not associating local Industrial sector to seek their proposals in the finalization of J&K Budget for the next financial year.
“FOIJ has failed to understand the reason behind this unwarranted move resulting the decades old tradition of holding pre-budget meetings to highlight the important issues pertaining to existing industry and aimed at creation of employment opportunities through establishment and growth of industries both in manufacturing and service sectors,” Jain said.
He said the FOIJ had submitted the mutually beneficial proposals during the previous financial year when the popular Government had assumed the charge. FOIJ still awaits the implementation of its previous proposals in true sense.
“We draw the attention of the Lt Governor Manoj Sinha, Chief Minister, Omar Abdullah and Deputy Chief Minister Surinder Chowdhary to expeditiously consider to improve the procurement procedure as the current procedure through Gem Portal as adversely impacted the near total strength of local industries specially in Micro/Small sectors back to the previous method of procurement through SICOP to save local units from extinction and protecting huge investment from turning NPA’s,” Jain added.
He pointed out that local Micro/Small units located at the fag-end of the country of entirely land locked state are unable to compete with industries located in other parts of the country with better infrastructural facilities besides availability of skilled/unskilled manpower, access to availability of raw materials and large consuming strength.
FOIJ sought favourable consideration of the concerned authorities to address the most genuine demand of the local industrial sector including- allocation of at least 1% of total Budget estimate towards the reimbursement of fiscal incentives including turnover, working capital interest subvention schemes, SGST etc; freezing of power tariff for at least next five years, extension of power amnesty to Industrial sector , conversion of lease hold Industrial plots to free hold status etc.
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