Srinagar: Rahul Sahai, Chairman Jammu Chapter, PHD Chamber of Commerce and Industry has welcomed the new Industrial Development Scheme for Jammu & Kashmir and said that the Central Sector Scheme “will result in employment generation for the youth and thereby socio economic development of the area.”
In a statement to Ziraat Times, PHD Chamber said that it hopes that the scheme should be able to generate “lakhs of new jobs each year for the next 15 years and, in this regard, offers its whole hearted support to propagate the scheme components amongst its members and its effective implementation at the ground roots level.”
Hailing the Central Govt and Govt of Jammu & Kashmir for coming up with “such holistic scheme which is offering balanced industrial development in all the regions of UT”, Mr Sahai also hailed working of Department of Industries and Commerce specially Manoj Dwivedi Commissioner Secretary Industries and Commerce, Anno Malhotra, Director Industries & Commerce, Jammu “for a very detailed working for this industrial development scheme”. Sahai offered full support and stressed on reaching out to investors from outside the state through PHDCCI.
Rahul Sahai also appealed to Lt. Governor Manoj Sinha for adding benefits for local industries who cannot invest upto Rs 50 crores from the Govt of Jammu Kashmir so that small scale industry and locals could be benefitted , Sahai said he is confident that Govt of J&K will definitely think for local unit holders too.
“In particular PHDCCI lauds the scheme for its attractiveness and relevance for both small units as well as large investors as also offering lower compliances and covering block levels for balanced growth of the entire UT. The Prime Minister, Ministry of Commerce & Industry, Ministry of Home Affairs and LG of J&K has come out with a visionary, forward-looking, and far-sighted policy catering to all segments of business leading J&K to an Atmanirbhar and Investment Hub in the true sense,” the statement reads.
“On behalf of PHDCCI and entire industry fraternity of J&K we thank Government of J&K administration headed by Manoj Sinha for their proactive approach to boost the economy by releasing the New Industrial Development Scheme of J&K and bringing remarkable reforms and incentives for Investments in J&K.”