Context:

• The Federation of Chambers of Industries Kashmir has issued a call to action, urging the Union Territory administration of Jammu and Kashmir to conduct a comprehensive review of existing industrial policies.

Key Points:

• Their objective is to bolster the Ease of Doing Business (EODB) index specifically tailored for Micro, Small, and Medium Enterprises (MSMEs) operating in the region of Jammu and Kashmir.
• Despite the implementation of online reforms, Federation of Chambers of Industries Kashmir has identified persistent challenges such as cumbersome procedures and excessive documentation requirements. These obstacles continue to impede the progress of businesses, leading to frustrating delays in operations.
• In addition to that, the Federation of Chambers of Industries Kashmir has shed light on the prolonged processing time associated with 'Turnover Incentive' claims under the Jammu and Kashmir Industrial Policy 2021-30. In order to address this issue, the industries body has proposed the adoption of an automated transfer system akin to the duty drawback scheme used for export goods.
• This streamlined approach would leverage existing departmental data, thereby reducing the burden of documentation and ensuring the timely disbursement of incentives to deserving enterprises.
• Further, the Federation of Chambers of Industries Kashmir has stressed the critical need for intervention from the Chief Secretary to simplify the renewal procedures for wood-based units. It has also advocated for the alignment of Union Territory regulations with Central Government policies to eliminate redundant documentation requirements. Specifically, it has highlighted the necessity to waive the demand for "consent to establish" and "consent to operate" certificates, which currently pose unnecessary hurdles for businesses.