Association of Industries Gangyal Urges Government to Announce Industry-Friendly Industrial Policy
Jammu, 22-10-2026: A meeting of the Executive/Advisory Committee of the Association of Industries (Regd.), Gangyal, Jammu, was held under the chairmanship of its President, Sh. Virendra Jain, to deliberate on the forthcoming Industrial Policy and the measures required to strengthen the industrial sector in Jammu and Kashmir.
The meeting was attended by senior office bearers of the Association, including Sh. Ashok Kumar Jain, Senior Vice President; Sh. Ajay Kumar Mahajan, Vice President; Sh. Sanjay Langar, General Secretary; Sh. Jatinder Singh, Secretary; and Sh. Vishal Gupta, Treasurer and a large number of Executive Members.
During the deliberations, the members appreciated the personal interest taken by the Hon’ble Chief Minister in the formulation of the Industrial Policy and expressed hope that the forthcoming policy would address the pressing concerns of existing industrial units while creating a conducive environment for fresh investments.
The members stressed the need for a practical, industry-friendly and growth-oriented Industrial Policy that would help revive struggling industrial units, improve their competitiveness and encourage new investments. They observed that adequate financial support and meaningful incentives are essential for the survival, expansion and sustainable growth of industries in the region.
The Association urged the Government to enhance the allocation of funds for the industrial sector and requested the Hon’ble Chief Minister, Sh. Omar Abdullah, and the Deputy Chief Minister, Sh. Surinder Choudhary, to consider extending the much-needed incentives to industrial units. The key demands include:
-
- Extension of Turnover Incentive to provide relief and support to existing industrial units.
- Reimbursement of net SGST to eligible industrial units to improve their financial viability.
- Incentives for substantial expansion and diversification, including changes in product lines and additional lines of activity.
- Marketing support for industrial units engaged in supplying goods to Government departments and agencies through SICOP.
- Promotion of Working Capital Interest Subvention to ease the financial burden on industrial enterprises.
- Introduction of a Power Amnesty Scheme to provide relief to eligible industrial units.
The members further emphasized the urgent need for the upgradation and modernization of industrial infrastructure in the Gangyal Industrial Estate. They urged the Government to earmark adequate funds for improving the existing infrastructure and providing better facilities to industries, thereby enhancing operational efficiency and creating a more conducive business environment.
The Association expressed confidence that the Government would give due consideration to these genuine demands while finalizing the Industrial Policy. It reiterated that a well-designed policy, backed by adequate financial assistance and improved infrastructure, would strengthen existing industries, attract fresh investments, generate employment opportunities and accelerate industrial growth in Jammu and Kashmir.
