Issues faced by local industry

Context:

• The team of Ladakh, Jammu and Kashmir Economic Growth and Development Dialogue (LJK-LEAD) led by its Director Sunil Shah had a meeting with the Jammu Chamber of Commerce and Industries (CCI).
• They interacted with the members of JCCI taking stock of the problems being faced by them.
  
  
  
   

Key Points:

• The JCCI president highlighted the main issues and problems of the traders and industrialists, especially due to the setback received due to lockdown and other restrictions during the Covid-19 pandemic.
• It was highlighted that industrialists are facing huge economic crisis with a lot of industries have already been closed besides others on the verge of closure awaiting a helping hand from the government and its agencies.
• The vulnerable local industry is awaiting their rehabilitation from the government through financial support augmented by commerce and industry friendly schemes well formulated to overcome the problems of business community.
• Another issue highlighted was that industrialists of Jammu are facing numerous problems due to non-productive policies of Jammu and Kashmir government.
• On one hand government is inviting investors from other states and seeking foreign investment on a large scale while the already existing industries continue to be the worst sufferers.
• During their interaction the JCCI office bearers and Industrialists complained that the government does not listen to the vital stakeholders’ suggestions and woes. According to them, the government should encourage existing industrialists adding that on ground lack of mis-communication between government and stakeholders is further adding to their woes.
• Seeking expansion model for the existing industries they alleged that there are no proper start up schemes for the industrialists in J&K.
• And probably it is the reason why there is practically no start up venture visible on ground the region.
• The LJK-LEAD team has however assured the industrialists that authorities are working relentlessly with the aim to reduce the gap between government and industrialists.
• The industrialists were further given assurance that the Jammu and Kashmir Economic Growth and Development Dialogue will make level best efforts to establish a strong bridge between these two significant components of the society in Jammu and Kashmir.