INDUSTRIALIZATION PROCESS DELAYED IN JAMMU PROVINCE DUE TO NON AVAILABILITY OF DEVELOPED LAND TO PROSPECTIVE INVESTORS-FOIJ

 

Federation of Industries Jammu draw the kind attention of Sh. Manoj Sinha, Hon’ble Lt. Governor of J & K UT towards the  non-availability of Developed Industrial Land to the prospective Investors resulting flight of Industrial Investment to other States where ready to use Developed Industrial land and Fiscal Incentives  available to the Prospective Investors. While highlighting the issue Sh. Lalit Mahajan Chairman Federation of Industries Jammu draw the kind attention of Hon’ble Lt. Governor that the New Central Sector Scheme 2021 notified by Govt. of India on 18 th Feb 2021 and the Scheme has been implemented w.e.f. 01-04- 2021 on the basis of which massive response for the Investment in Industrial Sector as well as in Service Sector has been received from the Prospective Investors  for their requirement of  thousands of Kanal of Land but till date only few Units got the Registration to avail the benefits  of around approximate Rs.7000 Crores against total allocation of Rs. 28400 Crores  as per the NCSS 2021 under which is registration to avail the benefit shall be valid till31-03-2025 . It is pertinent to mention here that Investment Proposals amounting to thousands of Crores pending with the Industries Department but due to non-availability of Developed Industrial Estates  with the requisite Infrastructure for Industrial use the Registration of Prospective Investors on the Portal of Industries Department not possible due to  pending Lease Deed Documents for the allotment of Land in the Notified Industrial Areas under Development. It is also worthwhile to mention here the Existing working Industrial Units facing hardship due to non-availability of Fiscal Incentives at par with the New Investors under the NESS-2021 resulting nos. of units may opt for the closure of their units in near future due to which mass scale retrenchment of Industrial Workers may take place and on the other hand due to non- availability of Developed Land the question mark put on the employment to local youths as the Prospective Investors may take a decision to shift to other states to avoid the Price Escalation in their Project Cost due to delay in the allotment of Industrial Land. We request  Hon’ble Lt. Governor Sh. Manoj Sinha to consider the request for the grant of Fiscal Incentives at par with the New Central  Sector Scheme 2021 to the Existing working Industrial Units and units under Substantial Expansion with the allocation of requisite funds  and also issue necessary directions for the completion of Proposed Industrial Estates on War Footing basis to provide the Land to prospective Investors in time bound manner For Federation of Industries, Jammu.

BBIA Celebrates 74th Republic Day

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An impressive Function was held today at Bari Brahmana Industries Association Office, Bari Brahmana to celebrate the 74th Republic Day of India in the presence of Sh. Lalit Mahajan, President BBIA, Sh. Tarun Singla, Sr. Vice President, Sh. Ajuy Langer, Vice President, Sh. Viraaj Malhotra, General Secretary, Sh. Rajesh Jain, Secretary, Sh. Vivek Singhal, Treasurer, Sh. Rahul Nagar, SDPO, Bari Brahmana, Sh. Sunil Kumar, SHO Bari Brahmana along with Police & Civil Defence officials, members of BBIA and Civil Society Members. The National Flag is hoisted by Sh. Lalit Mahajan, President BBIA in the presence of Dignitaries followed by National Anthem.

BBIA Celebrates 73rd Republic Day

 

An Impressive Function was held today at Bari Brahmana Industries Association Office, Bari Brahmana to celebrate the 73rd Republic Day of India in the presence of Sh. LalitMahajan, President BBIA, , Sh. Ajay Langer, Vice President,Sh.Shubanji Razdan, Inchaerge Fire Station Bari Brahmana with Civil Defence officials, members of BBIA and Civil Society Members. The National Flag was Hoisted by Sh. Lalit Mahajan, President BBIA in the presence of Dignitaries followed by National Anthem.
For Bari Brahmana Industries Association.