Srinagar, Feb 5: The 11-member high-level task force headed by principal secretary to PM, T K A Nair has submitted its report to the prime minister on roadmap for the development and promotion of the MSME sector.
All the seven sub-committees of the MSME task force had earlier submitted their respective reports and the PM had directed the concerned departments to examine these suggestions.
“We expect that the recommendations would be approved and implemented within the next six months,” said president Federation Chamber of Industries Kashmir Shakeel Qalander who was appointed as member of one of the sub-committees.
Deliberating on various issues and documents presented to the task force for making recommendations to the Prime Minister to remove bottlenecks in the development of MSMEs in the state, Qalandar said all the sub-groups had series of meaningful meetings with participation of various union secretaries, union joint/additional/deputy secretaries, top officials of SIDBI, RBI, state governments and other organisations.
FCIK president said that the major issues discussed in the task force by him included applicability and extension of central industrial package with incorporation of service sector units and hotels on the pattern of renewed package to North eastern region, removal of riders like location bar and substantial expansion etc from the CIP, debt relief revival of sick industry and capacity expansion of units, specific interventions required in potential sectors of economy in J&K state besides special provisions for creation of industrial infrastructure etc. He said that FCIK also presented documents with regard to credit flow, labour laws, exit policy, marketing, skill development and technology up-gradation of MSMEs in general.
The president FCIK said that he was optimistic that most of the recommendations of his task force group would be approved by the prime minister.
He said that he was very much confident that a corpus for revival of sick industry and expansion of existing industry in the state would be created this time besides that the location bar from the central package shall be removed. An eleven point agenda was highlighted by the industry representatives included shortage of credit, need for a focused procurement policy, prompt payment of MSME dues, additional finances from SIDBI, simplification of labour laws to prevent inspector raj, formulation of a one-time settlement policy to strengthen the MSME industries, removal of bottlenecks in the packages extended to North East and J&K states, debt relief for revival and capacity building of sick units in J&K etc.

Lastupdate on : Fri, 5 Feb 2010 21:30:00 Makkah time
Lastupdate on : Fri, 5 Feb 2010 18:30:00 GMT
Lastupdate on : Sat, 6 Feb 2010 00:00:00 IST