Extend date for submission of business plan, demands FICO

Extend date for submission of business plan, demands FICO

Photo for representation only. File photo

Tribune News Service

Ludhiana, October 4

Gurmeet Singh Kular and Manjinder Singh Sachdeva, president and senior vice-president of the Federation of Industrial and Commercial Organisation (FICO), have demanded extension of date for submission of business plan, construction and commencement of business from Punjab Chief Minister Capt Amarinder Singh.

Production hit

  • FICO office-bearers said the Covid-19 crisis and the subsequent lockdowns had made it difficult for all their units to sustain and production was majorly hit during these months.

FICO office-bearers said the Covid-19 crisis and the subsequent lockdowns had made it difficult for all their units to keep sustainable and most of the production was hit during these months.

They said, “The industry is not in a position to do any construction or expansion because businesses are badly hit. Also, the industry will need time to get back to normal and reassess the business strategy. The industry has been struggling for the past couple of years due to slump in the market and economic recession. Even factory owners are infected with Covid-19, they are not going to factories and many builders are not willing to take order for any construction because of labour shortage.”

They demanded that non-construction charges should be waived and extension of minimum 1.5 years be given for submission and approval of building plans, commencement of Construction and production.

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