KCCI appreciates budget

Srinagar: The Kashmir Chamber of Commerce and Industry (KCCI) has appreciated the budget presented by finance minister Haseeb Drabu in Legislative Assembly on Thursday.

“If implemented, it will prove encouraging for the business community,” it said.

In a statement, the KCCI said that budget is encouraging to a large extent in certain sectors provided implementation is done for all the promises made.

The KCCI has appreciated the budget proposal to remove all al politicians and bureaucrats from their boards to make PSU’s autonomous and independent of government control, said the statement, issued by its president Javaid Tenga.

While maintaining that the restriction of Central Goods and Services Tax and State Goods and Services Tax to only value-added part is not acceptable to the industry, the KCCI has appreciated the inclusion of tourism industry in power tariff at par with the industry and power amnesty to all industrial sectors.

KCCI has also sought State government to demand pending 2/3rd post flood subsidy from Government of India.

The KCCI has appreciated the government’s budget proposal of reviving transport sector, setting up of dry port in Dubai , education loan interest intervention, creation of carpet  villages, subsidy offered to trout fishing industry and inclusion of handicraft units under MSME  for all  industrial incentives.

KCCI has also sought improvements in sectors such as silk industry, bat industry, walnut, national saffron mission, apple industry, storage, packaging of apple In consultation with it.


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