PHDCCI demands special concessions to J&K entrepreneurs in finances

Jammu, Aug 13: PHD Chamber of Commerce & Industry, Jammu Region Chapter, Chair Rakesh Wazir while speaking in the empowered Committee meeting on MSME which was chaired by Regional Director Reserve Bank of India, incharge Jammu, Kashmir, and Ladakh,and attended besides others by the Union Territory Heads of major Banks & Deputy Resident Director PHDCCI Jammu, Kartik Partap Singh, advocates for special concessions to the business units of J&K.According to a statement issued here, the discussions focused on measures to strengthen the business and financial ecosystem and assess the working of banks in rolling out government schemes in the Union Territory of J&K.Wazir, assured the RBI that PHDCCI is making concerted efforts to promote government policies and schemes, while actively creating awareness among entrepreneurs and the public. He reiterated PHDCCI’s commitment to representing enterprise interests and working closely with stakeholders to address industry challenges.Wazir emphasised the unique challenges of Jammu & Kashmir, given its fragile situation and remote topography. He highlighted the logistical difficulties of Industrial units wherein raw materials has to be transported from other parts of India and finished goods are shipped back, increasing costs for businesses.