Latest Breaking News On - Federation of industries jammu fo - Page 1 : comparemela.com

Excelsior Correspondent JAMMU, May 20: Federation of Industries Jammu (FoIJ) today drew the attention of Lt Governor Manoj Sinha towards the acute financial crisis being faced by the industrial units of J&K due to current COVID-19 situation and urged to provide financial relief to industrial sector Lalit Mahajan, chairman FoIJ, said the MSME Sector as well as large scale units of J&K have been facing acute financial crunch due to current situation of COVID-19 and resultant sharp decline in production and sale of their products within the UT as well as in the adjoining States due to lockdown. He said the sale of 90% of the industrial units of J&K depends on the market of Jammu & Kashmir but due to stoppage of supplies, the stocks are piling up in their units resulting into blockage of working capital.

Jammu and kashmirManoj sinhaArun kumar mehtaLalit mahajanPower development departmentTax departmentFunds to state tax departmentFederation of industries jammu foJk bankIndustries jammuBreak even pointFinancial commissionerFinance departmentInterest subventionTerm loanPower amnesty scheme