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The trade and commerce bodies in Jammu and Kashmir assessed the business losses of around Rs 10,000 crore across the Union Territory during the latest month-long phase Covid-19 lockdown. ....
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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No ban on supply of oxygen to individuals, pvt hospitals in J&K: Govt JAMMU: Dispelling rumours of ban on supply of oxygen to private hospitals and individuals, an official spokesperson on Tuesday said Union Territory (UT) of Jammu and Kashmir administration has decided to provide refilled cylinders to needy patients after furnishing requisite prescription from a doctor to the control rooms. The requisite prescription from a doctor can be furnished to the control rooms set up at Director Industries Jammu and Divisional Commissioner Covid control room Kashmir. He said there are rumours that there is a ban on supply of Oxygen to private hospitals & individuals in medical need, in J&K. This is incorrect, spokesperson said. ....
Jammu: Advisor to Lieutenant Governor, Baseer Ahmad Khan, today had a detailed review of functioning of Industries and Commerce Department in an officers meeting held here today to work out multi-pronged strategies towards further strengthening of ‘Investment Ecosystem’ in the Union Territory of Jammu and Kashmir. Principal Secretary, Industries and Commerce, Director Industries Kashmir and other officers participated online from Kashmir while officers Director Industries and Commerce Jammu, Managing Director J&K Trade Promotion Organisation, Managing Director SIDCO, Managing Director SICOP and other officers from the department attended the meeting here at Jammu. Advisor exhorted upon the officers to prioritize the aspirations of the entrepreneurs while putting in concerted efforts for making J&K the most investor friendly Union Territory. He said that strenuous efforts have to be made at all levels to encourage and facilitate people who want to join the wagon ....