Srinagar, April 22: Federation Chamber of Industries Kashmir (FCIK) has welcomed the New Industrial Policy 2021-30 “as it has infused hope among the entrepreneurs.”

President FCIK Shahid Kamili said that the industry is hopeful that it will promote sustainable, equitable growth in all the regions of J&K.

“The new industrial policy has included various new sectors in Positive List and focus sector has been expanded includes Tourism & Hospitality, Health, Education, Renewable Energy etc. in addition subsidy on genset to tune of 45 lakhs & 60% on pollution devices,” he said.

Further, he said 30% subsidy on Quality certificates & automation also 50 percent subsidy on green environment protection initiative has been provided.

FCIK appreciated the government for fixing a timeline of approval of cases at different level. “This reflects the seriousness of the Government in reviving industry in J&K. The turnover based incentives and SGST reimbursement will ensure accountability and to promote genuine entrepreneurs,” FCIK President said.

The Secretary General, Ovees Qadir Jamie said that the Policy needs to be have much needed focus on the existing unit holders, who need marketing cushion from the Government to revive their units.