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J&K industry leaders interact with FM & seek new industrial policy

 

By TIOL News Service

NEW DELHI, SEPT 02, 2020: ASSOCIATIONS of industries from J&K have demanded a separate industrial policy for the union territory. In a webinar with Union Finance Minister Nirmala Sitharaman yesterday, the industry representatives said that the Centre has to take prompt steps to save the dying industry and the growing unemployment in the union territory.

Organised by the Jammu and Kashmir Peace Forum, the webinar presented a grounds report of the situation in the UT. Union Finance Minister Sitharaman said that the Centre was keen to listen and understand the ground situation as that helped in formulating policies. She said, “We are interacting with all the stakeholders in the industry and we have been benefitted from this. We want to keep our ears close to the ground and based on the inputs from various stakeholders, policy changes are made.”

She said that she had met the new J&K Lt. Governor Manoj Sinha who also spoke about greater support and more resources for the UT.

While commencing the interaction, the J&K Peace Forum chairman, Satish Mahaldar said, “The primary objective of the meeting was to primarily understand how we can achieve sustainable industrial development in all regions for increasing the rate of growth, value of output, employment, income and overall economic development of the UT. The trend in the development of J&K is not encouraging; it has been lagging behind most of the states with regard to the growth of the net state domestic product at current prices. J&K UT is one of those regions in the country where both the demographic situation and level of socio-economic development remains far from satisfactory.”

It is important to discuss how to revive potential viable sick industrial units so as to put optimum use of the capital and other resources which are already employed in such enterprises. It is important to know from the industry experts how we can strive towards balanced economic and social development in all regions of the UT by promoting industrialization,” said Mahaldar.


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