Excelsior Correspondent
JAMMU, July 31: A joint meeting of Executive Committee and Advisory Committee of Association of Industries (AoI) Gangyal was held under the chairmanship of its president, Tejwant Singh Reen to discuss various issues/problems pertaining to the existing industries.
The president informed the members that all issues which were discussed in the meeting were submitted to the Government but unfortunately not a single issue has been resolved by it till date. President of AoI stated that “We are happy if the fresh investments comes to UT of J&K and in the mean time UT Government has to take care of the existing industry by providing the declared incentives well in time”.
He said the Government after due deliberation announced vide Government Order No. 127-Ind. of 2021 dated: 21.05.2021 for 2% & 3% turnover incentive to the existing industry. This incentive with certain conditions that the maximum turnover of financial year 2017-18, 2018-19 and 2019-20 whichever is higher will be considered and only 50 crore provision was made by the Government for disbursement to the eligible units.
Reen said it is pertinent to mention that the turnover incentive claims were submitted to the various District Industries Centres to the tune of Rs. 176 crore in the Jammu division and nearly Rs. 30 crore from Kashmir division and till date no disbursement has been made by the Government to the unit holders.
He said the unit holders have already passed on 2% and 3% incentive to their clients just to compete in the market.
Discussions were also held regarding the marketing of industrial goods through GeM portal. Abruptly the Government started purchasing of various items for the Government departments through GeM portal, resulting that nearly 25% industries which earlier were supplying their quality goods to the various Government Departments through SICOP and other Government agencies are closed or are at the verge of closure as they cannot compete with the rates of outside the J&K UT State.
It is proved fact that there is extra cost of production from 6-8% for manufacturing of industrial goods in the UT of J&K. The earlier Industrial Policy formulated by the Government had provided 20% price preference and purchase preference to the industrial units. The present Government will be fully responsible for the closure of industry on account of not providing price preference and purchase preference, the meeting said. It urged the UT Government to consider the demand without the delay.
The meeting also discussed that the Commercial Tax Department is not accepting the claims of SGST refund from unit holders who have invested amounts in substantial expansion as per J&K Industrial policy 2021-30.
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