PHDCCI Jammu team meets Principal Secretary, Industries Dept

18 November 2022

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Srinagar, Nov 18: A delegation of PHD Chamber of Commerce and Industry Jammu Chapter (PHDCCI), led by Rahul Sahai, Chair along with Samar Dev Singh Charak, Shantnu Gupta, Anil Sharma, Raj Dua, Arush Mahajan , Vipluv Gupta Members of PHDCCI Jammu Chapter and Amarpreet Singh, Resident Officer PHDCCI Jammu Office met Prashant Goyal , Principal Secretary, Industries & Commerce Department , Government of J&K.

According to a statement issued to Ziraat Times, Rahul Sahai, Chair PHDCCI thanked Prashant Goyal for providing PHDCCI an opportunity to discuss and deliberate on the issues faced by industries in J&K. Mr Sahai apprised him about the activities of PHD Chamber of Commerce & Industry is doing in J&K and nationwide.

Rahul Sahai said that there is a dire need to develop much needed power infrastructure as per the requirements of the new industries near SICOP / SIDCO and Private Industrial Estates and that too from Industry feeder. He recommended that power tariffs for the industries should not be increased as new and existing industries would become unviable, disinterested in investing due to the hike in power tariff.

For the development of new Government Industrial estates he suggested that New industrial estates should be developed in a time bound manner and if it takes time then date of commencement /production of new Industry in scheme should be extended .

Sahai informed him that change of land use (CLU) is a big issue for private Industrial Estates and it is taking too much of time , getting NOC’s is a big hassle .There are lot of NOC’s required for conversion of a private land to Industrial land . He suggested to have a single window for getting those NOC’s done so that more and more private industries could start production at the earliest .

Sahai said that there is a difference between incentives for existing industry when we compare from the new Centre’s Industrial policy for new coming industry , specially GST linked incentives . He suggest to redesign J&K’s Industrial Policy at par with new central industrial policy so that left out incentives of GST could be given to existing industry so that we could save them and existing industry could compete with the new industry of same line .

In connection to Power Cuts he said that there are still too many power cuts and trips and request to upgrade power infrastructure so that power trips could be avoided. He request to take up the matter of free hold rights of units after 15 years by taking charges as our corporations are short of funds and unit holders would be benefitted by having higher valuations for funding from banks .He suggested removal of EM PART 2 if Udyam registration is done. Industries who are not availing any J&K Government incentive except the land , they should be exempted to get PMT/ EM part 2 from concerned DIC provided they have taken Udyam registration Sahai added.