FCIK calls on LG Manoj Sinha, hails his vision for creating entrepreneur friendly industrial ecosystem

Expresses gratitude to Advisor to LG Khan for his support, role in addressing issues, Discussed inclusion of existing unit holders in industrial policy, handholding of entrepreneurs, financial package for losses incurred after August 5 : ShahidKaml

Expresses gratitude to Advisor to LG Khan for his support, role in addressing issues, Discussed inclusion of existing unit holders in industrial policy, handholding of entrepreneurs, financial package for losses incurred after August 5 : ShahidKaml

Jammu, Feb 6 (KNS) : Federation Chamber of Industries Kashmir (FCIK) today hailed the Lieutenant Governor Manoj Sinha for his vision in creating entrepreneur friendly industrial ecosystem in J&K.


" The September 25th financial package gave a hope to the entrepreneurs of J&K to run their business. Even in today's meeting assurances by LG and Patient hearing during deliberations and presentation of demands over the present industrial scenario is praiseworthy," President FCIK ShahidKamli said in a statement after meeting LG Manoj Sinha in Rajbhawan Jammu.

FCIK administrative council delegation led by President Kamli  apprised the LG about the present scenario of industry which is ailing since 2009 and immediate action by the Govt required to save the industry which is employing lacs of skilled and unskilled in the valley. The delegation also immediate restoration of marketing support which has been put on halt due to imposition of GEM portal and expressed satisfaction that  LG  assured the  immediate remedial measures.


We also discussed release of due payments & delayed payments so that capital flow will help industries to run smoothly," Kamli said.


He also said that a detailed discussion regarding industrial policy , agriculture, horticulture, poultry and handicrafts sector was discussed and  FCIK was very positive  over the assurances of LG to revive these sectors.
The meeting also discussed the GST  claims / remissions and returns under SRO 63/519/521  and ambiguity related to vat returns caused by pre GST regime.


The delegation also sought intervention of LG Sinha to address their issues with financial lending institutions.


FCIK apprised the LG that the unit holders who are tired and unviable may be given exit route by way of OTS and the unit holders who still want to sail through even after distressed times over the years may be restructured and given ample working capital to restart their business immediately as the working season has started after COVID and harsh winters slowdown.


While thanking LG Sinha for his financial package on 25 sept 2020 which gave hope to the unit holders and recent industrial policy, the FCIK delegation sought compensation to the business community for the losses suffered after August 5 2019 and extending provision of benefits of industrial policy to the existing unit holders.

Meanwhile FCIK thanked Advisor to LG Baseer Khan for his role in creating the positive ecosystem for the industries in J&K and his support to the industrialists during his different capacities.


A delegation led by FCIK president Kamli  also called on Baseer Khan to express their gratitude for his support in  addressing concerns of unit holders.


The delegation had a follow up meeting  with advisor Baseer Khan regarding the issues and demands as discussed earlier with LG where he was also present.


Meanwhile a meeting was held with Commissioner Secretary Industries & Commerce  Manoj Diwedi at the behest of LG at civil secretariat Jammu to discuss various issues including new industrial policy and the present health of industrial sector in J&K.


The delegation also called on chairman PCB Mr Chugh, MD SIDCO and MD SICOP and highlighted the issues concerning the unit holders.

To Top