Srinagar April 20:(KNS)   The PHD Chamber of Commerce and Industry-Kashmir is satisfied and expressed happiness on the release of New Industrial Policy 2021-30 announced by the Government of J&K. It is well balanced, sustainable, and promotes inclusive industrial development throughout the Union Territory of J&K and Amid Covid-19 the release of the New Industrial Policy has surely brought much hope among the entrepreneurs of J&K.

In a Joint Statement Mr Baldev Singh Raina Chairman PHDCCI Kashmir,Mr Mushtaq Ahmad Chaya Mentor PHDCCI Kashmir, Mr Showket Choudhary, Co-Chair PHDCCI Kashmir and  Mr. Mohd. Shafi Tramboo Expert Chair Industries and Commerce PHDCCI-Kashmir extended the warm appreciation on behalf of industry and trade fraternity, for the industrial friendly 'New Industrial Policy 2021-30' to attract investments. They further said that the policy sheds light on all areas viz. New and Existing manufacturing, services, Automation, Green Environment, Quality development, and Revival of Sick units.

They further added that the UT Administration Led by Hon’ble Lieutenant Governor, Chief Secretary, Financial Commissioner and principal Secretary Industries and Commerce has come out with a visionary, forward-looking, and far-sighted Policy catering to all segments of business. We believe that the turnover based incentive is a welcome move to attract investors from many sectors placing J&K on the global map in regards to advanced manufacturing, Tourism & Hospitality, Health and Wellness, Education, Skill Development, ITeS, innovation, creativity and research and development

They further stated that we  assure the Hon`ble LG and the Principal Secretary  Industry and Commerce  that PHDCCI  will work hand in hand with the Government in the implementation of the policy both heart and in spirit.(KNS)