Srinagar, May 9: The PHD Chamber of Commerce and Industry (PHDCCI) on Friday submitted a set of recommendations on the proposed Industrial Policy and Ease of Doing Business reforms during a stakeholder consultation organised by the Jammu and Kashmir government in Srinagar.
The meeting was chaired by Shailendra Kumar, who heads the government-constituted committee on Ease of Doing Business and formulation of the revised Industrial Policy for the Union Territory.
The PHDCCI delegation was led by A P Vicky Shaw and Co-Chair Himayu Wani.
Also present at the high-level consultation were Amitava Chatterjee, Vikramjit Singh, senior officials from the Industries and Commerce Department and general managers from various districts.
During the meeting, PHDCCI formally submitted its suggestions on the revised Draft Industrial Policy 2021–30 for Jammu and Kashmir, along with recommendations aimed at improving the business environment and simplifying regulatory procedures in the Union Territory.
Speaking during the consultation, A P Vicky Shaw stressed the need for policy stability and simplification of regulatory frameworks to attract investment and encourage industrial growth in Jammu and Kashmir.
He said a predictable and investor-friendly policy regime was essential for improving confidence among entrepreneurs and businesses.
Himayu Wani highlighted the importance of stronger collaboration between industry and government agencies for creating a conducive business ecosystem capable of generating employment and accelerating economic growth.
He also raised issues relating to ease of change of land use (CLU) permissions for private industrial estates and sought streamlined environmental clearances for designated industrial estates and clusters from departments dealing with flood control, irrigation and urban development authorities.
According to PHDCCI, the consultation reflected the government’s efforts to seek inputs from multiple stakeholders before finalising the revised Industrial Policy for Jammu and Kashmir.
The chamber said discussions during the meeting focused on streamlining approval processes, reducing procedural bottlenecks and strengthening investor confidence in the Union Territory’s industrial sector.
