Central sops sought for industries

Jammu, July 19

Leading industrialists on Thursday blamed negative industrial growth in the state on the Centre’s failure to extend fiscal incentives at par with the Northeastern states.

A delegation of the Bari Brahmana Industries Association (BBIA) raised the issue with Dineshwar Sharma, interlocutor appointed by the Centre for J&K.

During the meeting, BBIA president Rajiv Mahajan claimed that lack of incentives for the manufacturing units was resulting into flight of capital from J&K. He sought inclusion of industrial goods being manufactured in the state in the cross-LoC trade.

The BBIA also raised issues regarding the non-issuance of notifications for the grant of budgetary support of 2 per cent in lieu of central sales tax and freight subsidy approved by the state Budget for the year 2018-19. — TNS