SRINAGAR: The Kashmir Chamber of Commerce and Industry (KCCI) has expressed its strong resentment and objection over its exclusion from the recently reconstituted Boards of Directors of various state-owned public sector undertakings (PSUs).
Asserting its role as a vital representation for the business community, KCCI underscored the importance of local stakeholders on decision-making boards, emphasizing the need for government consultation to craft meaningful policies.
KCCI has historically played a pivotal role in advising and shaping policies, advocating for the interests of handicrafts and industry. The chamber recalls its past contributions, emphasizing that its absence, along with other key industrial representatives, is alarming.
Citing the valuable insights and knowledge that local stakeholders bring to decision-making processes, KCCI emphasized the importance of its inclusion on the Boards of Directors of PSUs such as SIDCO, SICOP, JKCL, JKHHC, JKIL, and KVIB.
KCCI warned that decisions made without input from stakeholders risk being ineffective or even counterproductive, underlining the need for grassroots perspectives to ensure policies foster investment, address regional challenges, and stimulate meaningful growth.
The chamber has called for immediate restoration of its representation on the Boards of Directors of PSUs and high-level decision-making committees, highlighting the importance of collaboration, transparency, and an environment conducive to sustainable growth.
KCCI remains committed to working towards a thriving entrepreneurial ecosystem in Jammu and Kashmir and will continue to push for its rightful representation on decision-making boards.
KCCI protests exclusion from PSU boards
