FCIK welcomes Industrial Policy 2021-30, demands marketing cushion for existing unit holders

Srinagar 22 April (KNS): Federation Chamber of Industries Kashmir (FCIK) has welcomed the New Industrial Policy 2021-30 by J&K Government as it has infused hope among the entrepreneurs.President FCIK Shahid Kamili said that the industry is hopeful that it will promote sustainable, equitable growth in all the regions of J&K.

As per the statement issued to KNS ,The new industrial policy has included various new sectors in Positive List and focus sector has been expanded includes Tourism & Hospitality, Health, Education, Renewable Energy etc. in addition subsidy on Genset to tune of 45 lakhs & 60% on pollution devices. Further, 30% subsidy on Quality certificates & automation also 50 percent subsidy on green environment protection initiative has been provided.

FCIK appreciates the Government for fixing a timeline of approval of cases
at a different level. This reflects the seriousness of the Government in
reviving industry in J&K. The turnover based incentives and SGST
reimbursement will ensure accountability and to promote genuine
entrepreneurs, FCIK President said.

The DIC shall approve the incentive cases up to Rs 5 lakh in the District
Level Committee and the incentive cases from Rs 5 lakh to Rs 50 lakh
shall be approved by Division Level Committee while the incentive cases
exceeding Rs 50 lakh shall be approved by UT Level Committee.

The industrial units procuring quality certification like ISO, ISI, BIS, FPO,
BEE, AGMARK, ECOMARK etc shall be given a subsidy of 30 percent of
the total cost incurred for obtaining the said certificate, subject to a
maximum of Rs 2 lakhs.

The Secretary-General, Ovees Qadir Jamie said that the Policy needs to be
have much needed focus on the existing unit holders, who need marketing
cushion from the Government to revive their units which are struggling tocompete due to unfavourable conditions and withdrawal of marketing
support as per various orders issued by the government.

FCIK offers every kind of support to Govt in implementing the policy and
will act as bridge between Government and Unit holders for achieving
desired outcomes of the Industrial Policy.(KNS)

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