Srinagar, Aug 24: A Federation Chamber of Commerce and Industry Kashmir (FCIK) team led by its president Shahid Kamili made a detailed presentation to the Parliamentary Standing Committee on Commerce about Kashmir’s current industrial situation and the imperative of remedial actions.
In a statement issued today, an FCIK spokesperson said that it stressed upon the following issues:
Infrastructure development to boost the exports
Immediate restoration of iCDS at Rangreth industrial estate
Incentivise the exports especially the OT sector frm .5 to 2.0 percent depending on employment
Besides that, much stress was laid by the Federation to create Theme Kashmir and intense branding of kashmir products to boost them in international market.
FCIK also emphasised on export oriented units to be created in special zones (SEZs) in J&K.
Mr Kamili also highlighted that Rs 17000 crores have been provided to MSMEs of J&K in which majority share is of J&K bank, that is Rs 13500 cr and rest Rs 3500 cr are provided by all PSU and other banks, which is a grave matter of concern. According to FCIK, the PSC on Commerce expressed its displeasure over this situation.
FCIK president also stressed upon the parliamentary delegation to advice all embassies and consulates all over the globe to arrange exhibitions for Kashmir products and ministry of commerce to fund/ incentivise the travel expenses along with the freight for goods to be exhibited.
He also urged to arrange B2B meetings in between the trade bodies. Besides this, the FCIK have stressed PSC to impress upon the banks to provide enough working capital for purchase of goods frm basic manufacturers and then export to buyers without any hassle.
FCIK informed the PSC that last year the federation took a lead in launching GI tagged saffron to world market in UAE and apples
which resulted in the Government to provide incentive on freight for apples and other fresh fruits.
FCIK also informed the house that last year Kashmir had exported around 3500 mts of apples to UAE.
