FOIJ Demand Export Subsidy for local Industrial Products To Other Countries

18-10-2021: Federation of Industries, Jammu demand Export subsidy for the Export of Industrial Products by Local Industrial Units to other Countries at par with Export Subsidy granted to Eligible Exporters of Handloom & Handicraft Products from  Union Territory of Jammu & Kashmir.

 Sh. Lalit Mahajan, Co-Chairman Federation of Industries Jammu, and President Bari Brahmana Industries Association (Regd.) convey their Heartiest Thanks to Sh. Manoj Sinha, Hon’ble Lt. Governor, Sh. Arun Kumar Mehta, (IAS) Chief Secretary & Sh. Ranjan Prakash Thakur (IRTS) Principal Secretary, Industries & Commerce Department for the issuance of Govt. Order No- 200-IND-2021 dated 16-10-2021 by the virtue of which an Incentive of 10% of the total value granted to the exporter for the export of goods of Handloom/ Handicraft to any country with maximum Reimbursement up to 5 Crore whichever is Lesser.

 It is pertinent to mention here that the number of Industrial Units manufacturing Quality Products in the Union Territory of Jammu & Kashmir are not able to Export the Goods to other Countries due to Locational Disadvantages, Higher Raw Material Costs, and Road Freight up to the nearest port and it is the need of the hour to provide instant relief to Industrial units also by providing Export Subsidy at par with the Handicraft and Handloom Manufacturers/ Merchants keeping in mind the target of US$400 Billion Merchandise Export for the Current Financial Year by Hon’ble Prime Minister Sh. Narendra Modi and ask the Industrialists to achieve & make a concerted attempt to seize the Opportunity.

 We humbly request Hon’ble Lt. Governor Sh. Manoj Sinha with a request to kindly grant the Export Subsidy to all the Industrial Units of Union Territory of Jammu & Kashmir at par with the Handloom & Handicraft Exporters which will encourage the Unit Holders to Export their Products to other Countries