Excelsior Correspondent
JAMMU, Dec 22: A meeting of Federation of Industries Jammu (FOIJ) was held under the chairmanship of Virendra Jain and attended by the Co-Chairmen SC Dutta and Lalit Mahajan and all the Executive Committee Members.
The members of FOIJ expressed their concern over the reply of Minister of State Commerce and Industries Jitin Prasada in reference to the question raised by Sat Pal Sharma Member Parliament Rajya Sabha regarding NCSS for J&K. Minister replied that no proposal to extend the policy period or introduced the additional incentive is under consideration.
Further, the Minister apprised the parliament that 520 existing units and 51 existing units undertaking Substantial Expansion have been granted the registration to become eligible for incentive under NCSS.
FOIJ wishes to state that 520+51 existing units are not entitled to get the CII & GST reimbursement under NCSS rather such units are only entitled for interest subvention.
As per the information of FOIJ only 909 units have been registered to get the Capital & GST incentives under NCSS & 569 units have applied for registration before 30-09-2024, the last date of the scheme, but have been denied the registration as the Govt. has issued the cut off date as 10-07-2024 which is very unfortunate and unjustified. Such units have invested crores of rupees to set up the industry but they have been left in lurch.
FOIJ requested the Union Minister of Home Affairs Amit Shah, Union Minister of Industries & Commerce Piyush Goel, LG Manoj Sinha, Chief Minister Omar Abdullah, Deputy Chief Minister Surinder Kumar Chowdhary that the appropriate industrial package may kindly be issued extending the fiscal incentive to existing Micro/Small units at par with new units for the survival of the existing industry as the industry in J&K is in shambles at present and need immediate revival and survival plan.
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