Micro, small industrialists demand re-examination of govt incentives

Micro, small industrialists demand re-examination of govt incentives

Laghu Udyog Bharti delegation calls on Governor

J&K chapter of LaghuUdyog Bharti, an all-India body of micro and small scale industries, Thursday demanded re-examination of various government incentives provided to unit holders in the state to restore edge of existing industrial units.

According to an official spokesperson, a delegation of LaghuUdyog Bharti, J&K, led by its president Rajinder Gupta, who met Governor Satya Pal Malik at the Raj Bhavan here Thursday, put forth the demands. 

The delegation, according to the statement, requested for re-examination of the various incentives being provided or proposed to be provided to industry in the state so that the competitive edge of existing industrial units especially the small and tiny sector is restored. 

The delegation demanded 100 percent SGST refund on bill value or 5 percent cash incentive of bill value of sales in addition to value addition refund and consumption within the state; existing units which undertake substantial expansion/additional lines of production to be made eligible for availing the declared budgetary support by the state government; removal of  new negative list introduced in SRO 431 for 2 percent incentive on sales outside the state; removal of the condition of 1000 km in freight subsidy incentive on interstate sales etc. The delegation requested that central government be persuaded to continue with old package of incentives up to 2025.

The delegation also requested the governor for conferring ownership rights of industrial land to the entrepreneurs in order to facilitate their business growth.

The governor assured the delegation due consideration of its demands.