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Excelsior Correspondent JAMMU, Dec 17: A delegation of Federation of Industries, Jammu (FoIJ) under the chairmanship of Lalit Mahajan Co-Chairman and Satish Kaul, Chairman, J&K Pharmaceutical Manufacturer’s Association met Nirmala Sitharaman, Union Finance Minister and Dr Jitendra Singh, Minister of State in PMO and submitted a detailed memorandum of various urgent issues related to the Industrial Sector of J&K. Mahajan conveyed gratitude to the Finance Minister for the grant of Fiscal Incentives for the Industrial Sector as per the Industrial […]
Excelsior Correspondent
JAMMU, Feb 22: Federation of Industries, Jammu (FoIJ) has said that existing MSME sector of J&K UT has been totally ignored in the new Industrial Package announced by the Union Government.
Addressing a press conference here today, Lalit Mahajan, Chairman Federation of Industries, Jammu in presence of Jatinder Aul, Vijay Aggarwal, Ajit Lal Bawa Co-Chairmen FoIJ, Tarun Singla, senior vice president BBIA, Ajay Langer vice president BBIA, Viraaj Malhotra general secretary BBIA and others, said that existing local industrial units have been feeling neglected. There is strong resentment among units holders over this stance of the Government.
Mahajan said while going through the Notification No. F/1(1)/2020-SSS dated 19-02-2021 issued by Ministry of Commerce & Industry, Govt of India, serious concern was raised towards the uncertainty prevailing in the mind of working MSME Micro and Small Scale Industrial Units of J&K due to inadequate fiscal incentives granted wi