Live Breaking News & Updates on Funds To State Tax Department

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. ....

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