PHD Chamber welcomes industrial package

Greater Kashmir

PHD chamber of Commerce and Industries (PHDCCI) has thanked the Prime Minister, Lt. Governor of UT of J&K and the Home Minister for approving the Central Sector Scheme for Industrial Development of Jammu & Kashmir.

Sanjay Aggarwal, President and Baldev Singh Raina, Chairman, Kashmir Chapter, alongwith Rahul Sahai, Chairman Jammu Chapter, PHDCCI issued a statement welcoming the New Industrial Development Scheme for Jammu & Kashmir and said that the Central Sector Scheme will result in employment generation for the youth and thereby socio economic development of the area.

PHD Chamber said that it hopes that the scheme should be able to generate “lakhs of new jobs each year for the next 15 years and in this regard, offers its whole hearted support to propagate the scheme components amongst its members and its effective implementation at the ground roots level.”

“In particular PHDCCI lauds the scheme for its attractiveness and relevance for both small units as well as large investors as also offering lower compliances and covering block levels for balanced growth of the entire UT. The Prime Minister, Ministry of Commerce & Industry , Ministry Of Home Affairs and LG of J&K  has come out with a visionary, forward-looking, and far-sighted Policy catering to all segments of business leading J&K  to an Atmanirbhar and Investment Hub in the true sense,” the statement reads. “On behalf of PHDCCI and entire industry fraternity  of J&K  we thank Government of J&K administration headed by Manoj Sinha  for their proactive approach to boost the economy by releasing the New Industrial Development Scheme of J&K and bringing remarkable reforms and incentives for Investments in J&K.”

“We assure the Prime Minister and Lieutenant Governor,  and the Home Minister that PHDCCI will work hand in hand with the Government in the implementation of the policy both heart and in spirit,” said Baldev Singh Raina, Chairman – PHDCCI Kashmir and Rahul Sahai Chairman PHDCCI Jammu.