KCCI urges govt to ‘strongly’ push for NEIDS-like scheme

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‘Ensure effective follow-up for these critical interventions’

SRINAGAR: The Kashmir Chamber of Commerce and Industry (KCCI) has urged the state government to “strongly push” for a scheme on the pattern of the recently approved North-East Industrial Development Scheme (NEIDS) 2017.

President, KCC&I Javid Ahmad Tenga stated that the Kashmir Chamber had already taken up the issue with both the state government and government of India and hoped that the state government would “urgently follow-up on this much needed incentive package for the development of industry in the state”, a statement issued on Thursday read.

Tenga according to the statement also drew attention of the state government towards the need for following up on important announcements made in the state budget. In this regard, special mention was made of the announcement regarding applicable power tariff to hotels which was to be put in effect from the 1st April, 2018.

“The waiver of interest/penalty on power tariff was also announced. No requisite orders have so far been issued in this regard, which has caused confusion and anxiety amongst the stakeholders,” the statement read.

“Similarly, the scheme announced by the industries and commerce department regarding hotels also suffers from lack of effective implementation which has acted as an impediment in the smooth flow of incentives to the local industries,” it further read.

The Kashmir Chamber urged the state government to “ensure effective follow-up” for these “critical interventions”.