MSME advisor holds meetings with Kashmir business bodies

PHD Chamber in a statement said the economic advisor was requested for the interventions in MSME policy for J&K.

Srinagar, Publish Date: May 26 2018 12:28AM | Updated Date: May 26 2018 12:28AM
MSME advisor holds meetings with Kashmir business bodiesGK Photo

Economic advisor of union MSME ministry DPS Negi, who is presently on a state visit, held meetings with the business community here on Friday to discuss different issues related to business and industry in Kashmir.

In a meetings with Kashmir chapter of PHD Chamber in which principal secretary finance department Navin Kumar Choudhary was also present, participants demand’s union ministry of MSME intervention for J&K in manufacturing as well as the service sectors including hospitality, handicrafts and handloom.

PHD Chamber in a statement said the economic advisor was requested for the interventions in MSME policy for J&K.

On this occasion the chamber presented a memorandum to Negi, asking for the intervention in MSME policy for J&K which included a separate guidelines for Hospitality (Tourism), Handicraft and Handloom Sector under MSME that should cover all the benefits which the North eastern States are currently availing under NEIDS (North East Industrial Development Scheme-2017) and also the all  schemes and programmes of the minstry should be implemented in J&K and  should be at par with NE states. Furthermore the chamber requested the economic advisor to help in the allocation of central grant for setting up of 12 Rural Industrial Estates in J&K under MSE-CDP Scheme of MSME, for revival and Rehabilitation of sick units in J&K. In a separate meeting, Federation Chamber of Industries Kashmir (FCIK) met Negi and put forth a number of demands.  

The meeting was held in presence of director industries, Kashmir, Bilal Ahmad Bhat. FCIK demanded special funds for land bank. 

President FCIK Mukhtar Yousuf said Jammu & Kashmir is reeling under unfavorable business environment since the inception of turmoil in 1989 and demanded a special strategy and concessions for the entrepreneurs of the state, in particular matters of the finance and banking. 

Special relaxations in trade and industry are approved for the state particularly the valley and other disturbed areas.

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