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PHDCCI Jammu Delegation Calls on Prashant Goyal, Pr. Secretary, J&K Industries & Commerce

Jammu, 18-11-2022 : A Delegation led by Rahul Sahai, Chair PHD Chamber of Commerce And Industry Jammu Chapter (PHDCCI) along with Samar Dev Singh Charak, Shantanu Gupta, Anil Sharma, Raj Dua, Arush Mahajan, Vipluv Gupta Members of PHDCCI Jammu Chapter and Amarpreet Singh, Resident Officer PHDCCI Jammu Office met Prashant Goyal, Principal Secretary, Industries & Commerce Department, Government of J & K.

Rahul Sahai, Chair PHDCCI thanked Prashant Goyal for providing PHDCCI an opportunity to discuss and deliberate on the issues faced by industries in J & K. Sahai apprised him about the activities of PHD Chamber of Commerce & Industry is doing in J &K and nationwide.

Rahul Sahai said that there is a dire need to develop much-needed power infrastructure as per the requirements of the new industries near SICOP / SIDCO and Private Industrial Estates and that too from Industry feeders. He recommended that power tariffs for the industries should not be increased as new and existing industries would become unviable, and disinterested in investing due to the hike in power tariff.

For the development of new Government Industrial estates, he suggested that New industrial estates should be developed in a time-bound manner and if it takes time then date of commencement /production of the new Industry in the scheme should be extended.

Sahai informed him that change of land use (CLU) is a big issue for private Industrial Estates and it is taking too much of time, getting NOCs is a big hassle. There are a lot of NOCs required for the conversion of private land to Industrial land. He suggested to have a single window for getting those NOCs done so that more and more private industries could start production at the earliest.

Sahai said that there is a difference between incentives for the existing industries when we compare the new Centre’s Industrial policy for the new coming industries, especially GST-linked incentives. He suggests redesigning J&K’s Industrial Policy to par with the new central industrial policy so that left-out incentives of GST could be given to existing industries so that we could save them and existing industries could compete with the new industry of the same line.

In connection to Power Cuts, he said that there are still too many power cuts and trips and requested to upgrade the power infrastructure so that power trips could be avoided. He request to take up the matter of freehold rights of units after 15 years by taking charges as our corporations are short of funds and unit holders would be benefitted by having higher valuations for funding from banks. He suggested the removal of EM PART 2 if Udyam registration is done. Industries that are not availing any J&K Government incentive except the land, should be exempted to get PMT/ EM part 2 from concerned DIC provided they have taken Udyam registration Sahai added.