Precious Kashmir News
Srinagar, Dec 28: The Kashmir Chamber of Commerce & Industry (KCCI) Monday said major part of financial package announced by Lieutenant Governor Manoj Sinha is yet to be fullfilled.
A KCCI spokesman said business community of Kashmir was undergoing a period of unprecedented stress and turbulence and heading towards financial instability.
“The financial package announced Governor on September 25 was a ray of hope for the Business Community. While appreciating the efforts put in by Lt. Governor for the said package. But at the same time most of the announcements in the package are still awaited,” he said.
The spokesman said the committee has recommended an interest subvention of 5% for six months amounting to Rs. 1089.24 Crore, partial waiver of fixed electricity charges for one year amounting to Rs. 80 crore, waiver of water charges for six months costing Rs. 25 crore , time bound One Time Settlement (OTS) , capital infusion in accordance with the Atma Nirbhar Bharat Abhiyan, replacement of old vehicles and insurances support costing Rs. 50 Crore to the transporters support to artist and others costing Rs. 108.75 crore which are partially implemented and needs immediate attention from the J&K Government.
The spokesman said removal of Lakhanpur Toll post has hit the business very badly and a committee was formed to ascertain its effects on the industries but the report has not still come out, it reads.
“It is a well-known fact that our export performance over 5 years have deteriorated to the worst level. To encourage exports from J&K we need to support at all levels in manufacturing, artisans and weavers. In our recently meeting held with Lt. Governor was kind enough to ensure KCC&I delegation that Government constitute a Export Promotion Board for all Export level issues but till date no Board was constituted,” it said.
The spokesman said various other issues were raised by KCC&I with J&K and Central Government being faced by the industrial and other sectors, which needs to be addressed so that the problems faced by the industries and other sectors taken care off.
The KCCI urged the Lt Governor to intervene so that these problems gets redressed as soon as possible.