Gupta expresses concern over shrinking industrial activity in J&K; seeks package

JAMMU JANUARY 6- Jammu and Kashmir National Conference Secretary Mr Rattan Lal Gupta today sought a package for the industrialists, saying they are undergoing a most difficult times with some of these at the verge of closure.

In a statement, issued from Sher-e-Kashmir Bhavan here, Mr Gupta said also demanded continuation of the incentives and packages by the local administration as also the Centre for the existing industrial units and time-bound reimbursement of GST collected over the period of time. He referred to the incentives on account of income tax waiver for five years and said this should be reintroduced keeping in view the dwindling industrial activity.

Mr Rattan Lal Gupta fully endorsed the demand of the industrialists with regard to reimbursement of 100 per cent road freight to the industrial sector on raw material, finished goods within and outside Jammu and Kashmir, reimbursement of five per cent financial support on the sale value of goods sold within J&K besides exploration of a via media for streamlining the GST value addition, which is quite different to that of the Central government.

He also expressed grave concern over large scale retrenchment of skilled and unskilled work-force from local units due to shrinking industrial activity. “Immediate steps are therefore needed to be taken for saving industries as also the work-force”, he added.

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