KCCI delegation discusses tourism, banking issues with CM

KCCI delegation discusses tourism, banking issues with CM
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Urge establishment of ‘Integrated Textile Park’ in Kashmir

SRINAGAR: A delegation of Kashmir Chamber of Commerce and Industries (KCCI) led by President Javed Ahmed Tenga, who was recently on a visit to Turkey, met with the Chief Minister Mehbooba Mufti and apprised her of his recent interaction with the Istanbul Chamber of Commerce, an official press note issued on Sunday read.
According to the press note, the two chambers had detailed discussions on areas of common interest especially, tourism and handicrafts. President KCCI sought support of the chief minister in hosting a delegation from the Istanbul Chamber so that these sectors received an immediate impetus.
New prospective markets of South East Asia and participation in prestigious tourism fair of GITF China were also discussed in the meeting. The Guangzhou International Travel Fair (GITF) is scheduled to take place from 1st March to 3rd March, 2018 in Guangzhou, China. It is also known as the window to the tourism industry in Asia and the Department of Tourism should participate in this prestigious fair. The domestic and foreign exhibitors also participate in this fair. Similarly, the markets of South East Asia also need similar special focus, the press note read.
In order to target domestic markets, the chief minister was requested to lead an already announced joint delegation of the Jammu Chamber of Commerce & Industry and the Kashmir Chamber of Commerce and Industry to new domestic circuits of Hyderabad, Bangalore and other places.
The chambers offered to bear the costs of this initiative themselves and required only facilitation by the state government in this regard.
The president assured the chief minister that the chambers of Jammu, and Kashmir would also interact with the respective counterparts of these prospective markets to ensure that the tourism industry of the state received an immediate reviving response. Holding of one-week events in Mumbai and Gujarat were also proposed, further read the press note.
The chief minister directed that the proposals be finalised with the secretary tourism so that they were implemented immediately. In this regard, a detailed interaction was subsequently held with the secretary tourism and the proposals discussed threadbare.
Tenga reiterated the demand for intervention by way of adjustment of interest on restructured loans funded by banks (FITL) through waiver of the entire interest coupled with the extension and restructuring of principal amount of loan till June, 2018. Also for those borrowers who have not opted for any rehabilitation, a straight reduction of 5% in rate of interest for the period commencing from 2014 till date.
Special customised schemes for new and young entrepreneurs were also discussed.
The issue of bank loans of artisans under the artisan rehabilitation schemes in the year 2012-13 was raised. The delegation urged a waiver on the lines of the Kisan Credit Card.
President KCCI strongly urged for the establishment of an Integrated Textile Park in Kashmir. In the recent interaction Javed Ahmad Tenga had with Minister of Textiles, Government of India Ajay Tamta the KCCI was assured of all support in this regard.
Although two textile parks had been set up in Jammu region, similar proposals were pending in Kashmir for grant of land by the state government. The chief minister assured the delegation that land in this regard would be identified and allotted on priority basis.
The president briefed the chief minister about the positive impact this park would have on the handicraft sector and on “Brand Kashmir”, the press note added.
The delegation of the KCCI impressed upon the chief minister the need for cooperation of the KCCI in the main committee formulating the Master Plan and the Zonal Plans.
The president KCCI highlighted the importance of incorporation of the viewpoint of trade, commerce and industry in the process of formulation of any plan and that the role of the KCCI should not be limited to giving suggestions/objections.
The contradictions in the existing land use and the proposed land use plans were also highlighted. The chief minister assured due consideration to this request, further added the press note.