MSME sector imperative for economic growth, employment generation: Omar

Srinagar,July 24 (Scoop News) – Chief Minister, Omar Abdullah Tuesday reaffirmed his government’s determination to give boost to MSME sector and universalize industrial development in the State utilizing area specific potential for different trades.

Omar Abdullah said that package of incentives available to industrialists to venture in the State are aimed at attracting more and more investment in the industrial sector, generating economic activities and enhancing job opportunities for skilled, semi-skilled and un-skilled local work force.

"While the packages and concessions available to industrialists are also meant for viability and profit of their units, these are at the same time aimed at ensuring jobs for locals in the industrial units", he said and asked the unit holders to show gradual upward trend in providing employment to the locals in their industrial units to the degree optimally possible.

Addressing the 2nd meeting of Industrial Advisory Committee meeting here, the Chief Minister emphasized on active involvement of private industry in the Skill Development Programme being implemented by the State for enhancing employability of youth for getting jobs in open market.

The Chief Minister asked the industrialists to tie up with the State run ITIs and Polytechnics and be partners in the stupendous process of imparting training to youth in the skills required in various industrial disciplines. "This would enable the industrialists to get required skilled work force easily from amongst locals and in turn expand job opportunities for them", he added.

Omar Abdullah said that there is ample number of ITIs across the State and every District is having a Polytechnic Institute. "The industrialists should identify ITI or the Polytechnic to impart particular training to youth required in their particular area of industrial activity", he said adding that government was ready to tie up with industrialists in this regard actively and positively.

The meeting discussed various issues pertaining to the welfare and growth of industrial sector in the State. These included matters pertaining to industrial policy, labour issues, transport subsidy, interest subsidy, subsidy on testing equipment, industrial incentives, subsidy on D. G. Sets, extension of Government of India package of incentives, VAT refunding, reviewing of custom duty structure on Copper, issues relating power sector, amnesty scheme by PDD, issues relating to forest and pollution control, creation of industrial infrastructure, marketing support to industries, role of JK DFC for development of MSME sector and setting up of Grievance Redressal Committee.

The Chief Minister approved the revival of Committee headed by Economic Advisor to the Government to focus the issue of industrialization in backward and remote areas and other issues pertaining to the holistic growth and development of industries in the State.

The meeting was informed that a Grievance Redressal Committee has been constituted by the Finance Department to look into grievances of the industrialists and suggest measures to address these.

The meeting attended by Deputy Chief Minister, Tara Chand, Minister for Industries, S. S. Slathia, Chief Secretary, Madhav Lal, Principal Secretaries, M. I. Khandey, B. B. Vyas, Union Joint Secretaries of Commerce and Industries, various Commissioner Secretaries and representatives from Industrial and Trade bodies.

The representatives of Chamber of Commerce, FCIK, KCCI, FOC and other industrial associations highlighted various matters relating to the growth and development of industries and the industrialists in the State.