PHDCC&I delegation holds meeting with Parliamentary Standing Committee

Srinagar November 4 (KNS): The PHD Chamber of Commerce &Industry Kashmir delegation, led by  A P Vicky Shaw, Chair of the Kashmir region, along with esteemed members Himayu Wani, Mr. Bilal Kawoosa, Sajad Shah, Shabir Abdullah, and Mr. Iqbal Fayaz Jan, Deputy Director J&K, had the privilege of an exclusive meeting with the Department-Related Parliamentary Standing Committee on Industry. The meeting, chaired by Rajya Sabha MP Smt Yajnik Amee Harshadray, was held to discuss and present the PHDCCI  detailed suggestions on industry and MSME in J&K.

During the meeting, the PHDCCI delegation presented a comprehensive set of recommendations to the Committee, aiming to enhance the economic prospects of the Kashmir region and provide much-needed support to existing MSMEs. Among the key recommendations put forth were the declaration of the Kashmir region as a Special Economic Zone, marketing support for existing MSMEs, relaxation in RBI norms for Kashmir, and the implementation of 25% of public procurement through MSMEs.

The PHDCCI also emphasized the urgent need for the implementation of various measures, including the enhancement of the effectiveness of the Micro and Small Enterprise Facilitation Council (MSEFC) regarding delayed payments, the establishment of a Delayed Payment Monitoring System, and the introduction of a Revival and Rehabilitation Scheme for sick MSMEs. Additionally, the delegation stressed the importance of streamlining the entrepreneurial process through the effective implementation of a Single Window Clearance system.

To further support the growth of MSMEs, the Chamber proposed the provision of grants for the establishment of showrooms and warehousing facilities at local, national, and international levels under the MSE-CDP Scheme. The delegation also highlighted the need to address land availability and streamline land use change procedures for prospective entrepreneurs. Moreover, they recommended adopting a cluster-based approach for the development of different clusters under the MSE CDP Clusters, based on area, sector, and activity.

The parliamentarians in the Committee attentively listened to the PHDCCI delegation and expressed their appreciation for the unique and innovative recommendations put forward by the industry. They assured the delegation that they would recommend all the points and suggestions made by the Chamber, recognizing their potential to drive positive change and foster growth in the region.

The Chamber delegation extends its gratitude to the Department-Related Parliamentary Standing Committee on Industry for the opportunity to present these vital recommendations, and remains committed to working collaboratively towards the betterment of the industry and MSMEs in J&K.(KNS)

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