JK CM assures JKJCCI delegation of support to Cross-LoC trade

Jammu, April 9 (Scoop News) –  A deputation of Jammu of Kashmir Joint Chamber of Commerce and Industries (JKJCCI) today called on Chief Minister, Omar Abdullah here and presented him a memorandum of demands relating to the development of industries, trade and commerce in the State with special reference to the matters pertaining to current Cross LoC Trade status.

 

Minister for Finance, Abdul Rahim Rather, Minister for Industries, S. S. Slathia, Principal Secretary to Chief Minister BB Vyas and Commissioner Secretary Industries and Commerce Umang Narula were present in the meeting.

While appreciating the keenness of Omar Abdullah in the development of industrial sector in the State, President of the Joint Chamber of Commerce, Mubeen Ahmad Shah explained the issues mentioned in the memorandum and sought the help of the Chief Minister in addressing and redressing issues relating to Cross LoC Trade fraternity.

The President of the Joint Chamber Dr Mubeen Ahmed Shah apprised the Chief Minister about formation of the first Cross-LoC institution of collaboration to have come up by way of proper elections. He said that formation of the Chamber was facilitated by Conciliation Resources, London with assistance of its regional partners Indus Research Foundation in Jammu and Centre for Peace, Democracy and Reforms, Mirpur. Honorary Director of Indus Research Foundation, Zafar Choudhary represented Conciliation Resources in JK-JCCI’s meeting with the Chief Minister.

The meeting discussed issues pertaining to creation of TFC infrastructure and facilities like full body truck X-ray scanners, storage, security and insurance of goods, additional warehouse, cold storage, medical facilities and accommodation for smooth Cross LoC Trade.

 

 

The deputation highlighted the need for including more items in trade list, conversion of LoC trade into an actual trade, allowing transit trade across the new markets emerging in Central Asia and Middle East. The deputation also talked about creation of communication and banking facilities, promotion of tourism trade, collaboration in the field of education and health care sectors and exploitation of water resources for power generation.

 

The Chief Minister gave patient hearing and said that State Government has initiated the issue of conversion of Cross LoC Trade from present barter status to the normal trading pattern with the Union Government and the State Legislative Assembly has unanimously supported the move.

 

Honorary Director, Indus Research Foundation (IRF), Zafar Choudhary presented a copy of the survey report regarding the Cross LoC Trade to the Chief Minister on the occasion. Chief Minister Omar Abdullah keenly went through the report and underscored importance of research work in policy formulation.

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