FCIK Pushes for Industrial Coverage Evaluate in JK

FCIK Pushes for Industrial Coverage Evaluate in JK


SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) right this moment urged the Authorities to evaluate present industrial insurance policies to reinforce the Ease of Doing Enterprise (EODB) index for MSMEs in Jammu and Kashmir.

An FCIK spokesperson mentioned that regardless of on-line reforms, cumbersome procedures and extreme documentation have hindered progress. “It results in delays and frustration amongst entrepreneurs,” he mentioned.

He mentioned that FCIK highlighted the extended processing time for ‘Turnover Incentive’ claims underneath the Jammu and Kashmir Industrial Coverage 2021-30, suggesting an computerized switch system just like the responsibility disadvantage scheme for export items.

“This streamlined method, utilising current departmental information, would alleviate the burden of documentation and guarantee well timed disbursement of incentives,” he mentioned.

Moreover, FCIK emphasised the necessity for Chief Secretary intervention to simplify renewal procedures for wood-based items, aligning Union Territory rules with Central Authorities insurance policies. The requirement for redundant documentation, comparable to “consent to determine” and “consent to function” certificates, creates pointless hurdles for companies.

“By harmonising guidelines and procedures with nationwide requirements, JK can improve its Ease of Doing Enterprise rating and foster a extra conducive surroundings for financial progress,” he mentioned.

FCIK has additionally invited the eye of the Chief Secretary in the direction of the difficulty of renewal of forest licences of current wooden based mostly items that have been being requested to add “consent to determine” and “consent to function” certificates from Air pollution Management Board apart from many different paperwork with their renewal purposes.

“A whole lot of wooden based mostly items established a long time again have been being requested to supply a certificates that’s obtained solely as soon as within the lifetime of a unit”, regretted FCIK, including that the foundations, norms and procedures within the UT needed to be at par with the insurance policies and procedures of the central authorities in addition to different states.



#FCIK #Pushes #Industrial #Coverage #Evaluate

Kashmir Tourism

Kashmir News

Source Link


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *