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Business EconomyPosted at: Oct 6 2017 6:23PM


KCCI, JCCI present united front, press for resolution of various issues

Srinagar, Oct 6 (UNI) The Kashmir Chamber of Commerce and Industry and its Jammu counterpart - JCCI on Friday joined hands and pressed for resolution of issues confronting various business sectors, besides promotion of ‘Intra-Regional Tourism Circuit’.

Both the Chambers have in the past entered into serious confrontation over various issues, including implementation of Goods and Services Tax, beef ban and deportation of Rohingya Muslims.

The presidents of both the Chambers in a press conference here expressed concern at the losses to the
economy being caused by the lack of accountability in the Public Sector Undertakings (PSUs).
“A conservative estimate shows the current liabilities of these PSUs to be upwards of Rs 10,000 crore. In addition, the locking up of resources in the shape of infrastructure, land, manpower and potential has a consolidated negative impact – primary and consequential – running into lakhs of crores,” they said.

“Other important sectors like Handicrafts, Tourism, Power, Manufacturing, LOC Trade, Horticulture and Agriculture suffer due to the lack of a clear and proactive policy. A coordinated effort in this direction would go a long way in pulling our economy out of its present state,” they added.

They said the government should have a systematic and professionally managed promotional campaign to promote leisure, adventure, religious and border tourism as the real potential of this sector is untapped.

In order to counter the negative perception created about the state in rest of the country, both the Chambers suggested the state government to urge the centre to take a policy decision to instruct all departments/ministries to hold Departmental Conferences in Jammu and Kashmir so that people in rest of the country know the ground realities, culinary heritage and themselves see the peaceful atmosphere and the rich culture of the state.

“Although the Tourism Sector has been declared as an Industry in the year 1995 but the sector is being denied incentives as per the Industrial Policy by the Power Development Department,” they said.

In response to the support extended by the KCCI to the JCCI on issues of common interest of Trade, Commerce and Industry of the state, both Chambers have decided to unite in highlighting the focus areas and specific interventions required by the J&K and Union Governments.
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