The Federation Chamber of Industries (FCIK) on Friday held its first interactive meeting with Advisor Basheer Khan after taking over an advisor of Industries in J&K.
The meeting was attended by Director I&C, MD SIDCO, Director Handicrafts and officers from the SICOP, Geology and Mining others departments.
During an interaction with the advisor, President FCIK Shahid Kamili put forth various demands including new Industrial policy should be made favorable in consultation with the stakeholders in the valley.
“Till the new industrial policy is being put into force, the present industrial policy shall be made applicable in letter and spirit,” he said.
Kamili said that FCIK has urged the advisor and governor to improve and refine the 2016-2026 industrial policy so as to make the industry more business friendly
“Industrial policy is important but marketing intervention is more important following the present situation in the
Kamili informed that existing Industrial Policy & related orders shall be kept in force not in abeyance, particularly related to marketing intervention issues as the finance department had issued the order to make purchases through GeM portals.
“The local Industry was provided 15 percent price preference in the present industrial policy by the government for all purchases and they should purchase from local Industry rather than GeM portal.As recently there has been orders worth crores which has been taken over by outside industrialists,” he said.
President FCIK said that supplies in the electrical department must be made from the local industries so as to make them sustain the industry.
The advisor was apprised by FCIK president of huge pending payments of under Saubhagya Scheme and the repair facilities. “36 crores is pending of small scale units,” he said.
“The present industrial policy promises 15 percent price preference which majorities of the departments are not allowing or following us to that percentage,” he said.
Kamili said in the Geology & Mining department, the illegal mining is being promoted because the department is not finalizing the contracts with the results of the prices touching the sky.
“It is lost to state exchanger and we have more than 400 registered stone crushers and they have been forced to close,” he said.
He urged that Geology & Mining department SRO 102 & 302 shall be reviewed as it has created a lot of fuss as the existing unit holders are under threat to close their units and the order shall be given prospective effect.
Kamili said the pending payments in the departments are making the unit holders account NPA. The Payment shall be released immediately as per government of India directive under SSI sector.
“The frequent Power cuts in Industrial estates have made the industry suffer a lot. The Industry wants uninterrupted power supply otherwise it will incur loss,” the FCIK president said.
President FCIK informed that the pollution Control Board is not issuing the NOC on time and the Director I&C confirmed and informed that the PCB is not bound by the timeline to issue the NOC’s which is unfortunate and with the result the Single window system is not working in industry.
Kamili also apprised the advisor that 90 percent of the funding in infrastructure is done by the Jammu and Kashmir bank while only 10 percent is done by all present banks here and in return they have a 40 percent deposit from the state.
“He appreciated the Jammu and Kashmir bank but in the meantime, he conveyed discredit to other bankers. As per RBA, they have to invest more but they did not,” FCIK president said.
During the meeting, FCIK Secretary General Ovais Qadir Jamie informed the advisor that J&K is importing goods & commodities more than Rs 60,000 crore and focus shall be on import substitution by promoting local industry.
Further, the banks shall amalgam the WCTL accounts with a tenure of 10-12 years repayment, as one account has multiplied to no accounts and the Installment & Interest are becoming a burden on the borrowers.
The Advisor Baseer Khan heard all the suggestions & demands of FCIK and has promised to redressal of the issues with related departments.
FCIK was represented by President FCIK Shahid Kamiili, senior vice President Gulam Jeelani, vice president Sheikh Nisar Ahmad, Secretary General Ovais Jamie and secretary Farooq Ahmad.