Excelsior Correspondent
JAMMU, Mar 12: Federation of Industries Jammu (FoIJ) has urged J&K Government to improve the present state of local Micro and Small Sector considering the fact that contradictory and unsympathetic policies have brought Micro and Small sector on the verge of closure in J&K.
FoIJ Chairman Rattan Dogra and Co-Chairmen Jatinder Aul and Deepak Dhawan said that the local Micro and Small Industrial sector that provides jobs to over 3 lakh local populace wishes to actively associate and participate in the rapid industrialization to create large scale additional employment avenues.
They impresses upon the concerned authorities to acknowledge the role of the local ‘sons of the soil’ entrepreneurs who have continued their unfailing and sincere efforts in our land locked region with meager population situated at the far end of the country which has remained mostly militancy infested for over 30 years. FoIJ has been trying to seek the favourable attention of the concerned authorities to accord similar encouragement to existing local Micro and Small sector as have been promised to the prospective investors, they said.
FoIJ members requested the Lt Governor and his Advisors to defer the implementation of Gem Portal for Government purchases at least for the remaining period of current financial year that will enable local Micro and Small units to be able to supply their goods to various Government Departments and Agencies for the early completion of their developmental works. The prompt and timely intervention of the Governor and his Advisors will be able to rescue the tenure and longevity of a very large number of units who have been established specially to cater to the requirement of the Government Deptartments and Agencies and have been supplying their quality products regularly for decades altogether, they said, adding that any inaction may only add to the growing list of Micro and Small units which have either closed down having exhausted their resources and advances and or on the verge of the closure under the similar conditions.
They also remind that the previous popular Government devised new Industrial Policy in 2016 which failed to attract any worthwhile fresh investment from outside the UT.
They also impresses upon the J&K Government to honor its assurances to restore the competitive edge of the local Micro and Small sector that vanished due to withdrawal of Fiscal Incentives provided to local Micro and Small Industry prior to implementation of GST.
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