Govt adopts discriminatory policies: FCIK

Greater Kashmir

Srinagar, Apr 21: The Federation Chamber of Industries Kashmir today accused the government of adopting discriminatory policy vis-à-vis Kashmiri entrepreneurs. The federation has expressed its shock and concern over government’s reported decision to abandon the proposed establishment of head office of J&K Development Finance Corporation at Srinagar.
In a meeting here today the federation expressed its dismay over the change in the decision of the government. “Previously the government had decided to establish the head office of the Jammu and Kashmir Development Finance Corporation at Srinagar,” the meeting was informed.
However, the federation has come to know that the JK Development Finance Corporation at the behest of some biased authorities has decided to establish the head office at Jammu.
The federation said as per the original proposal JKDFC was scheduled to have its registered office at Jammu, head office at Srinagar and a regional office at Leh so as to operate and be easily accessible in all the three regions of the state.
Curiously, the said corporation is part of the industrial policy and incentives announced by government of India in 2002 with one time provision of Rs 50 crore. The project had finally been given sanction for its establishment in July 2005, the statement said.