Excelsior Correspondent
JAMMU, June 22: A delegation of Federation of Industries, Jammu (FOIJ) led by its chairman Lalit Mahajan presented a memorandum to the Union Minister of State for Commerce & Industry, Nirmala Sitharaman in presence of Member Parliament from Jammu-Poonch Lok Sabha constituency, Jugal Kishore Sharma here today.
During the meeting, Mr Mahajan requested the Union Minister for the extension of incentives under DIPP packages and other Central packages of incentives on the pattern of North Eastern package for a period of ten years to encourage the entrepreneurs for investment in J&K State in the industrial sector. A detailed representation was made in this regard for the kind consideration of the Minister.
The FOIJ delegation demanded extension of DIPP package of incentives for 10 years which is going to be expired on June 14, 2017 with a provision of naturalization of Khasra to new as well as to existing units under Substantial Expansion Programe for ten years; simplification of guidelines for claiming freight subsidy incentives, freight subsidy for the import of raw materials from dry port Ludhiana and for the dispatch of finished goods meant for export to naturalize the additional cost of transportation of raw materials/finished goods; timely release of funds for the payment sanctioned cases of Central package of incentives and one time relaxation in the condition for the submission of claims under DIPP Package of incentives for the time barred cases lying with the Industries Department.
They also demanded restoration of refund of 100% Central Excise Duty paid, 100% Income Tax exemption for Industrial units; inclusion of industrial goods manufactured in the State in the list of items for cross LoC trade and the opening of trade routes i.e. Pallanwalla – Chhamb, Nowshehra – Mirpur and opening of Suchetgarh (Jammu District)-Sialkot (Pak) route for International trade of goods with other part of Pakistan on the pattern of Wagha border; setting up of mother industry, exemption to Industrial sector from the preview of goods and services tax in respect of fiscal benefits under Central package of incentive, compulsory purchase by Central Govt organization from MSME and large scale units of J&K, establishment of inland container depot with rail line connectivity and development of new infrastructure for Industrial sector of J&K.
Nirmala Sitharaman assured the delegation that she will resolve the issues related to her Ministry and take up the matter with the Govt of India to resolve the issues related to the industrial sector as early as possible for speedy industrial growth in the State which will provide employment to local unemployed youths of the State.
The meeting was also attended by Rajesh Jain, Vijay Aggarwal, Ajit Bawa, Romesh Badyal, Jatinder Aul, (Co-Chairmen), Ajay Langer and Harinder Gupta.
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