FoI welcomes decision on excise exemption

Excelsior Correspondent
JAMMU,  Jan 7: The Federation of Industries (FoI) Jammu  has welcomed the decision of the Government, according Central Excise benefit to the industrialists.
In a meeting of the  Federation held at BBIA Bhawan (Bari Brahmana) here today, under the chairmanship of Annil Suri, chairman FoI and president BBIA, the members conveyed their gratitude to the Chief Minister Omar Abdullah, Minister of State for Industries and Commerce Sajjad Kitchloo  and other senior officials of the State  for their sincere efforts in resolving the issue pending for the last two years, pertaining to the Central Excise benefits  to the local industrial units  who opt for second substantial expansion. They said that the clarification issued by the Government will provide a great relief to the industrial units of J&K who had already made substantial expansion by investing  crores of rupees since long.
Mr Suri and other members of the FOI and BBIA also extended gratitude to the AICC vice president Rahul Gandhi, Union Ministers Ghulam Nabi Azad, Dr Farooq Abdullah  and PCC president Saif-ud-Din Soz for taking up issue with the Union Finance Minister P Chidambaram.
The meeting was also attended by Co-chairman of FoI Balbir Gupta, Romesh Badyal, Vinod Rishi, Jatinder Aul, Ajit Bawa, Devinder Verma, Varinder Jain and Lalit Mahajan.

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