STATE TIMES NEWS
JAMMU: A meeting of Federation of Industries Jammu (FOIJ) was held in Jammu on Sunday under the leadership of its Chairman Lalit Mahajan. Rajesh Jain, Deepak Dhawan, Jatinder Aul Co-Chairman, Virendra Jain Secretary General, Viraaj Malhotra Convenor and other Executive Committee Members were also present on the occasion. During the meeting, the members expressed concern over callous attitude of UT Administration towards Local Working Existing Units with majority of them as Micro, Small & Medium Enterprises.
Appreciating efforts of Government of India for granting Rs 28,400 crores Package of Incentives for setting-up of new units J&K to improve economic health of J&K, the members said that Survival, Revival and Good Health of Existing working Industrial Units will give a good signal to prospective investors from outside Union Territory of J&K to invest here. During the course of discussions, the members raised serious concern as existing Industrial Sector is facing hardship and is about to collapse due to withdrawal of Price/Purchase Preference in Govt purchases in post-UT regime /non-availability of Fiscal Incentives at par with New Industrial Units as per Package of Incentives 2021. “UT Administration seems to be having casual approach towards existing as well as New Industrial Units being established under the Central Package of Incentives as it has been observed that Administrative Secretaries have been frequently transferred or given additional charge in a span of last two years resulting little attention has been given to resolve pending issues of the units,” they said. The members sought intervention of Union Home Minister Amit Shah; LG Manoj Sinha and Chief Secretary, A K Mehta to resolve the matter on urgent basis for providing relief to existing unit holders as well as prospective investors.