JK first to incentivise businesses; govt working to facilitate industry: CM

JK first to incentivise businesses; govt working to facilitate industry: CM
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Directs constitution of committee to follow rent cases of industrial units under police, troops’ occupation

JAMMU: The government is working to facilitate the industry and trading community in the state as Jammu & Kashmir is first on many counts to incentivise business and industry, Chief Minister, Mehbooba Mufti stated on Wednesday.
Chairing the 7th Industrial Advisory Committee meeting here, the Chief Minister said her government took many reformative steps “to encourage and instill confidence among the industry”.
She said Jammu & Kashmir was the first state to roll out incentives under GST and even major reforms in labour laws in the state were undertaken by the present government, read an official handout.
Deputy Chief Minister, Nirmal Singh; Minister for Industries & Commerce, Chander Parkash Ganga; Minister for Finance, Haseeb A Drabu and Minister of State for Industries & Commerce, Asiea Naqash were present in the meeting.
Mehbooba Mufti directed constitution of a committee headed by Chief Secretary to follow the cases of payment of rent in respect of industrial units against which rent was due from police and other security agencies. She asked the committee to conclude the process at the earliest.
The chief minister, during the meeting, was briefed about many steps being taken by the government to ease the business activity in the state and also which have been flagged by the industry representatives from time to time, it read.
According to the handout, the process of providing round-the-clock power supply to industrial estates was on with laying of infrastructure, cables and transformers.
Many items have been removed from the negative list of items being imported into the state on the suggestions of the trade representatives, the handout read.
During the meeting, many of the representatives thanked the government for rolling out many incentive schemes for business and industrial sector and taking steps for encouraging business activities in the state, the handout added.