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Arun Gupta President CCI Urges J&K Government to Halt Industrial Unit Evictions Amidst Economic Challenges

Call for Urgent Action: Arun Gupta Appeals to J&K UT Government to Reverse Eviction Decision

Jammu, 19-03-2024: Sh. Arun Gupta, President CCI expressed serious concern and strong resentment over the move of the J&K UT Government (Industries and Commerce Department) to initiate the eviction process against the permanently registered Industrial Units for the leased out premises by SIDCO and SICOP who are operating since last about five decades but were forced to suspend their production and close their units due to various reasons including withdrawal of market support as well as purchase preference and timely disbursement of already declared incentives mainly turnover incentive and also due to Covid when all the activities were disturbed.

Sh. Arun Gupta said that the existing Industry is really under stress because of market dynamics and also changes in a new product range. The existing Industry under substantial expansion by way of change in the line of activity or additional line of activity is barred from all the incentives as it does not fall under the central incentive package or the J&K UT package. He said that instead of providing a healing touch to the existing ailing Industry the government is bent upon to snatch the land from the sick/closed units that mostly fall under the Micro and Small Sector.

Sh. Arun Gupta also said that the government should come forward for the rescue of the existing ailing industry by restoring the incentives of market support, and purchase preference and also provide in time the already declared incentives mainly turnover incentives, so the problem of Industry becoming sick shall be solved.

Sh. Arun Gupta further said that before initiating the eviction process the government should have taken all the stakeholders into confidence to resolve the issue. Sh. Arun Gupta demanded the immediate withdrawal of the said notice/order and also pleaded that the government must constitute a high-powered committee to formulate the revival/rehabilitation policy for such units.

 

 

 

 

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