A delegation led by Mr C P Gupta, Chairman CII J&K State
Council met Dr Haseeb Drabu, Hon’ble Minister for Finance, Government of J
& K to present CII Pre Budget Memorandun for J & K State.
Mr Gupta highlighted the concerns of the Industry and recommended
that the new Industrial Policy should be announced at the earliest with thrust
on making Jammu & Kashmir an investment destination and also to enhance its
competitiveness by leveraging its strengths and potential. He recommended round
the clock functioning of Lakhanpur Toll Post and also mentioned that no entry
tax on should be levied on material handling equipment.
On Ease of Doing Business he recommended that the Single Window
System must be brought under IT platform and made online. This would facilitate
effective tracking and monitoring of the applications he added. The memorandum
presented also include recommendation on the sectors including Agro & Food
Processing, Tourism, Biotechnology & Pharmaceuticals, Skill development,
IT, Innovation, Research & Development as also Rehabilitation of sick
units, promote adoption of environment friendly technologies and encouraging
exports.
Besides these, recommendations on VAT remission, Entry Tax, Input
Tax Credit, Disbursement of Subsidies etc were also given.
The meeting was also attended by senior officials of
Government of J & K.