CCI meets ACS I&C, highlights traders, industrialists’ issues

CCI delegation during meeting with Addl Chief Secy in Jammu on Monday.
CCI delegation during meeting with Addl Chief Secy in Jammu on Monday.

Excelsior Correspondent
JAMMU, Sept 5: The Chamber of Commerce and Industries (CCI) today highlighted the issues and demands of industrialists and traders before Financial Commissioner & Additional Chief Secretary, Industries & Commerce, Vivek Bharadwaj.
The CCI delegation headed by its president Arun Gupta met Bharadwaj and apprised him of the burning issues of the business fraternity and also submitted a memorandum for early consideration.  Several issues of  industry and trade in Jammu region came for discussion under a congenial atmosphere wherein the Additional Chief Secretary assured full support.
The issues which came up for discussion included demand of inclusion of separate clause of land value/stamp duty rates with respect to land which is to be registered for Industrial units on the lines of other states as the commercial notified rates are too high, extension in validity period beyond June 30, 2022 as some industrial units could not start production well within the stipulated time period due to certain unavoidable hindrances like delay in loan sanction, non issuance of NOC from PCB, etc,
It was pointed out that units which have taken effective steps should be granted extension in validity of provisional registration for at least one year, extension of Central Package-2021 to existing industries under substantial expansion, grant of benefits of industry to hotels and lodges because tourism was declared an industry in the year 1995 but unfortunately the benefits of industries were not given to the hapless hotel industry till date.
They sought to provide ownership rights to sons of the soil by formulating a scheme allowing ownership rights of lease hold industrial land to local entrepreneurs after a period of 25 years of the first/original allotment of land that too with nominal conversion fee from lease hold to free hold, restore power amnesty scheme and revisit the decision of hike in power tariff as JPDCL’s proposal for 70 percent hike will affect the industry badly.  The other Office bearers of CCI present in the meeting include Anil Gupta, Rajeev Gupta, Gaurav Gupta and Rajesh Gupta.