Govt to incentivise industrial employment generation; rationalise services sector incentives

Govt to incentivise industrial employment generation; rationalise services sector incentives
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Navin Choudhary reviews performance of industry, allied departments

JAMMU: To boost economic growth, the Jammu and Kashmir government on Thursday decided to incentivise local employment generation by the state-based industrial units and rationalise incentives for the services sector, besides taking other measures to vitalise the trade and commerce in the state.
Among the proposed moves, the state government would offer more incentives to the Industrial units in addition to the existing sops they are entitled on showing considerable increase in the base target of 55 percent set by the state government for absorbing local workforce, an official handout read.
“The need was felt to rationalise the local employment generation targets set under the state industrial incentive policy for Industrial units. As per the existing incentive policy the industrial units are liable to engage 90 percent local workforce starting with 55 percent base target,” read the handout.
Apart this, the industry and commerce department would also offer to bear the skill training cost of the workers engaged by the industrial units from the catchment areas, it read further.
Meanwhile, the government also proposed to rationalise the incentives to the services sectors. “The move aims to provide handholding to the trades which enjoy least exemptions but have good potential to push up the economic growth in the state, it read.
The far-reaching proposals were discussed and finalised here at a review meeting of industries and commerce department chaired by the Principal Secretary Industries and Commerce, Navin K Choudhary.
The meeting was attended by Director Industries and Commerce Jammu, heads of SIDCO, SICOP, Handloom and Handicraft Development Departments, heads of, corporations, public sector companies and other officers.
During the meeting, the principal secretary reviewed the performance of industries and commerce department, Handicraft, Handloom Development Departments and Handicraft Corporation.
Seeking report on existing and upcoming industrial estates in Jammu division, the principal secretary asked for providing best infrastructure to the investors.
“Presently, there are over 13,000 registered industrial units in the state, of which 10,000 are functional, while remaining are closed,” the handout read.
To meet the land requirement for new industrial units, the principal secretary directed taking over the possession of the defunct plots through the legal course and vigorously pursuing court cases to vacate the stay, as was informed in the meeting.
About the upcoming industrial estates, the principal secretary asked the concerned to go for allotment only after development of internal roads and having in place power supply, water supply and other facilities.
Taking review of handicraft, handloom sector department and corporations, the principal secretary asked them to hold joint expos across the state to attract high end customers.
He also asked for rationalisation of sanctioned posts strength to create professional posts, especially for strengthening the management and marketing strategies of business units.
Stressing on vitalisation of marketing activities, he asked the concerned to come up with proposals for holding combo sale expo at Jammu and Srinagar Hatt on religious occasions, starting with Navaratras in Jammu and Ramadhan in Srinagar with stalls of handicrafts, handloom, cuisine and other cultural events.
The principal secretary further asked the handloom and handicraft departments to conduct surveys to ascertain real time number of artisans, impact of promotional schemes and requirement for revival of the crafts which are on the verge of extinction, the handout added.