PHDCCI Jammu holds inaugural EC meet, interacts with Director Industries

Ziraat Times News Network

Jammu – The PHDCCI Jammu Chapter held its inaugural Executive Committee Meeting for the year 2023-24 under the leadership of Chairman Rahul Sahai. The meeting focused on aligning the Chamber’s vision with the objectives of skill development, mentoring young entrepreneurs, and fostering industrial growth.

According to a statement issued to Ziraat Times, at the meeting, Rahul Sahai introduced the newly appointed Co-Chairs, Ashish Jain and Raj Dua. Two Expert Committees were formed – the IT Committee led by Arush Mahajan and the Law & Taxation Committee headed by Shantnu Gupta. On the occasion, Mr.Sahai briefed the members on the PHDCCI Jammu Chapter’s achievements in 2023 and outlined a comprehensive plan for the upcoming year, including a two-day National Level Programme on Intellectual Property Rights (IPR) in Jammu.

The executive members engaged in discussions on critical issues affecting the industry, including Infrastructure challenges for new unit establishments, Land and power scarcity for industrial purposes, Insufficient government support for startups, Need for local angel investors, Funding hurdles from banks, Absence of local role models for startups

Rahul Sahai reiterated PHDCCI’s unwavering commitment to addressing industry concerns and societal needs. He urged members to actively participate in PHDCCI activities and initiatives, emphasizing the need for a holistic framework to drive growth and development in Jammu and Kashmir.

Interaction with Mr. Arun Manhas, Director of Industries & Commerce, Jammu:

The Executive Committee Meeting was followed by a crucial interaction with MArun Manhas, the newly appointed Director of Industries & Commerce, Jammu. Mr. Sahai congratulated Mr. Manhas on his appointment, recognizing his leadership qualities and administrative expertise.

Mr. Sahai emphasized the pivotal role of MSMEs in Jammu and Kashmir’s industrial growth. He stressed the need to empower this sector, given its significant presence in the region. Mr. Manhas attentively listened to the concerns raised by the Executive Committee members, including Industrial land development challenges, Bank fund sanctioning delays, Power supply issues, Tendering processes for startups, Incentives for local angel investors, Provisional registration extension, Gem portal debarring locals in local tenders, Lack of price preference for locals, Prolonged registration processes, Industry-institution linkage and skill development issues.

Mr. Arun Manhas assured the members of his commitment to resolving these issues and pledged to take up important matters with the department’s higher authorities. The interaction highlighted the importance of collaboration between the private sector and government authorities for the sustainable development of Jammu and Kashmir’s industrial landscape.

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