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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. ....
Cong protests against fuel price hike, demands statehood for J&K dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
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 incentive ....
No fiscal incentives in Industrial package caused closure of industries: FOIJ thenorthlines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenorthlines.com Daily Mail and Mail on Sunday newspapers.
Excelsior Correspondent JAMMU, Jan 18: Commissioner Secretary Industries and Commerce, Manoj Kumar Dwivedi, today met the Federation of Industries, Jammu, ....