Excelsior Correspondent
JAMMU, May 4: Former minister and senior Congress leader Raman Bhalla today assailed the Government’s new policy and termed it as `death warrant’ for the industrialists.
Addressing a deputation of industrialists to discuss merits and demerits of Industrial Policy 2016 announced by Industries & Commerce Department here today, former minister and senior Congress leader said that the new policy was totally against the interests of the industrialists. He described the new policy as death warrant for the unit holders.
The members raised serious concern in respect of policy guidelines and other related issues for the allotment/ transfer of land and other issues which they also termed as `death warrant and major hurdle in the growth of Industrial Sector of J&K State’. Bhalla alleged that the industrial sector in the State has been betrayed in new policy and Govt all of a sudden has made the entire package of incentives useless and meaningless. He regretted that the industrial and trade organizations were never consulted or taken into confidence before going in for such a major decision.
Mr Bhalla said that industrial policy should be one which could give a fillip to the industrial sector in the State and more importantly Govt should have industrialist friendly approach and all possible efforts and measures should have been taken to revive industrial units. “The new industrial policy must aim to boost and revive the industry in the State and to encourage new investment in industries and facilitate new entrepreneurs, besides generation of employment avenues,” he said.
Congress leader called for enhanced economic growth that could be achieved by the promotion of competition, entrepreneurship and innovation besides strategies to reduce unemployment, particularly amongst youth, through the encouragement of entrepreneurship. He said job creation in India was not coming from large companies, but small independently owned businesses. He recommended that Government policy should target indirect rather than direct strategies with a greater focus on the role of small firms.
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