March 2017 News

Industrial Activity At Standstill In State: Federation

12 March 2017
The Tribune (Chandigarh)

Jammu: Industrialists have voiced concern over the delay in bringing amendments to the new industrial policy-2016 due to which files have not been cleared by the authorities. Under the banner of Federation of Industries Jammu (FoIJ), unit holders alleged that manufacturing activity has come at standstill in Jammu and Kashmir. The federation urged the government to clear modifications and amendments to the new policy thus enabling the Small Scale Industries Development Corporation Limited (SICOP) and Industries Department to clear the files. 'The government should clear its stand on policy with the clear directions to all departments related to the industrial sector to clear the files on a priority basis and to adopt the ease of doing business concept in our state. The government should also take up the matter with the Central government for the grant of fiscal incentives to the industrial sector under the GST regime,' said Lalit Mahajan, president, FoIJ. It is pertinent to mention here that the industrial policy-2004 expired in 2014. Subsequently, the new industrial policy-2016 was announced in March 2016 after a gap of two years but there is still a lot of confusion. 'After going through the new policy, we have pin-pointed some lacunas which could create hurdles in growth of industry in our state. We have called for modification in it but till date nothing has been done resulting considerable delay in the implementation of the policy,' said Rajesh Jain, senior member, FoIJ. The federation said the issues of industrialisation was discussed in the 6th Industrial Advisory Meeting held in February in which it was brought to notice that the projects worth Rs 2,500 crore were cleared by the Industries Department in the past two years but little progress was noticed on the ground due to cumbersome procedures adopted by the departments.