J&K to get maximum incentives under GST: I&C min

J&K to get maximum incentives under GST: I&C min
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Rs 18 cr ‘multi-purpose’ building to come up at Exhibition Ground

JAMMU: J&K will get the maximum incentives of GST as it is a consumer state rather than a manufacturer state, Minister for Industries & Commerce, Chander Prakash Ganga said on Wednesday.
He was addressing a delegation of Federation of Industries here on Wednesday.
The delegation had called on the minister to discuss various issues pertaining to the development of industry sector in the state.
During the meeting, the delegation discussed issues confronting industries and sought intervention of state government especially the industries minister for their resolution.
The minister assured the delegation that “J&K will get the same package which is being given to north-eastern states” and will soon take up the matter with government of India in this regard, an official release read.
“Government is committed to safeguard the interest of business community and every possible step will be taken in this regard”, Ganga added.
He asserted that business plays a crucial role in economic growth of the region and “setting up business establishments should be made easier” so that interested people be attracted in establishing industries in the state, it read further.
Ganga said that J&K had lot of investment opportunities and “government is always ready to welcome investors” in the state. He stressed on the need for effective operational strategies to create enhanced opportunities of employability in the state.
The minister also visited Exhibition Ground to inspect the under construction multi-purpose building which is to be constructed by SICOP at an estimated cost of Rs 18 crore.
On the occasion, the Minister was informed that there will be an exhibition hall, auditorium, conference hall, parking and shops. He asked the officers to gear up their men and machinery to complete the work in time bound manner.