Central Finance Commission interacts with trade and industry representatives

SRINAGAR: The delegation of the 14th Finance Commission led by Chairman Dr YV Reddy, held interaction with the representatives of the Trade and Industry, here .
Financial Commissioner, Industries & Commerce, Khurshid Ahmed Ganai also participated.
The representatives from trade and industry highlighted the measures to be initiated for the development of Trade and Industrial sector in the state.
The Industry pointed out the peculiar topography, climatic conditions, development deficit in terms of road connectivity, power supply, lack of adequate industrial infrastructure etc for consideration of the commission.
In his address, Financial Commissioner, I&C emphasized for up- gradation of the existing industrial estates besides setting up of new Industrial estates across the state. He said for the development of Trade and Industry, an environment conducive for entrepreneurship and infrastructural development needs to be created in the state.
Reddy said that Jammu and Kashmir comprises 3 diverse regions of Jammu, Kashmir and Ladakh with unique economies which needs to taken into account while allocating funds to the state.
He said, considering the disabilities and requirements of the state, specific packages and projects will be considered and assured that the suggestions made shall be taken into account.