Jammu, 07-07-2025 : Sh. Lalit Mahajan Chairman Federation of Industries Jammu draw the kind attention of Sh. Narendra Modi, Hon’ble Prime Minister, Sh. Amit Shah, Hon’ble Home Minister, Shri Piyush Goyal, Hon’ble Minister of Commerce and Industry, Sh. Manoj Sinha, Hon’ble Lieutenant Governor, Jenab Omar Abdullah, Hon’ble Chief Minister towards the uncertainty prevails in the mind of approx.700 Prospective Investors awaiting for the setting up of their Units in Jammu & Kashmir due to pending approval of their Registration by the Industries and Commerce Department JKUT under NCSS-2021 Industrial Development Scheme for J & K notified by the Ministry of Industries and Commerce Govt. of India in 2021.
It is pertinent to mention here that out of Budgetary allocation of 29400 Crores, 67% allocation has been given to 3% Large Scale Units with the approval Registration under NCSS-2021 Scheme whereas only 33% Budgetary allocation has been granted in favour of 97% MSME Units resulting great resentment amongst the Prospective Investors as it is unjustified to ignore MSME Sector while allotment of Land in the Developed Industrial Areas in which Land allotted to Large Scale Units having the requirement of above 200 Kanal Land of Kathua District has been given to only Large Scale Units whereas no Land allotment Committee Meeting was held in 2023-24 and 2024-25 for the allotment of Land to MSME Units in Jammu Province.
It is worthwhile to mention here that uncertainty prevails in the mind of approx. 700 Industrial Units of Prospective Investors out of which 400 Units who has applied on the NCSS Portal well in time for the grant of Registration before 30-09-2024 under the Budgetary allocation of Rs. 28400 Crores with the provision of 115% of the approved Funds as per Notification and still awaiting for the grant of Registration under the NCSS-2021 Scheme to avail the benefits as they have invested thousand Crores of Rupees to create the Infrastructure and already purchased Plant & machinery and number of units already in the process for the start of production awaiting grant of Registration under the NCSS-2021 Scheme by Directorate of Industries and Commerce Jammu / Srinagar which also includes the Existing Units Under Substantial Expansion.
In respect of 300 Units who also applied Off Line after 30-09-2024 due to certain reasons like non Registration of Lease Deed by J&K SIDCO and SICOP for the allotted land as Lease deed is not registered due to non availability of Developed Land in Notified Industrial Areas /Change of Land Use/pending grant of Consent to Establish by JKPCC before 30-09-2024 also awaiting for the grant of Registration and the total amount for the grant Fiscal Incentives to 700 Units is pending with the Industries & Commerce Department J & K UT amounting to approx. Rs.75000 Crores for which Sh. Manoj Sinha, Hon’ble Lt. Governor of JKUT already taken up the
matter with the Govt. of India for the grant of additional amount of approx. Rs.75000 to accommodate the 700 Units.
Further all is not well that, as on date the State Fiscal Incentives like Capital Investment Subsidy/Interest Subvention and other benefits available under the State Industrial Policy, for which the approval of the New State Industrial Policy and Warehousing Policy is pending with the State Government since long for the grant of approval by the Sh. Manoj Sinha, Hon’ble Lt. Governor of JKUT.
It is the need of the hour that with the grant of relief to leftover 700 units by the enhancement of Budgetary allocation by Rs.75000 Crores, it will create employment opportunities to lacs of local people which was the main aim after the abrogation of Article 370 to generate employment in J&K for the local youth which is a dream project of Hon’ble Prime Minister Sh. Narendra Modi.
We request Sh. Narendra Modi, Hon’ble Prime Minister, Sh. Amit Shah, Hon’ble Home Minister, Shri Piyush Goyal, Hon’ble Minister of Commerce and Industry, Sh. Manoj Sinha, Hon’ble Lieutenant Governor, Jenab Omar Abdullah, Hon’ble Chief Minister with the enhancement in the Budgetary allocation by Rs.75000 Crores to provide Fiscal Incentives to 700 Units as per the following suggestions:-
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- First preference should be given to the local industries who were done substantial expansion or has created requisite infrastructure for the establishment of new unit awaiting for approval to start the production & applied for registration up to 30-09-2024 for the grant of Gross GST & other fiscal incentives.
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- Second preference should be given to those existing units as on 2021 whose package of incentives stands expired in 2026 under previous packages & now they are awaiting for the Grant of registration enabling them to start the activities under substantial expansion with the grant of Gross GST & other fiscal incentives & applied for registration up to 30-09-2024 under NCSS 2021 Scheme.
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- Third preference should be given to existing units who has applied for the grant of registration to avail fiscal incentive under substantial expansion & new units who has applied OFF Line after 30-09-2024.
We also request Sh. Manoj Sinha, Hon’ble Lieutenant Governor, for the issuance of State Industrial Policy and Warehousing Policy as early as possible to provide relief to Existing Working Units who opt for the change in the Line of Activity as Warehouse under the proposed Warehousing Policy.