LAGHU UDYOG BHARTI JAMMU KASHMIR & LEAD Delegation Meets Piyush Goyal, Advocates for Investment Package Expansion
A delegation from LAGHU UDYOG BHARTI JAMMU KASHMIR & LEAD- LADAKH JK Economic Growth & Development Dialogue met the Hon’ble Minister of Commerce & Industry, Sh. Piyush Goyal, to discuss the evolving industrial investment landscape in J&K. The meeting focused on the success of the New Central Sector Scheme (NCSS), which has significantly transformed the region's industrial investment scenario. Backed by the Ministry of Commerce & Industry, the NCSS has seen an overwhelming response, with numerous investment proposals already materializing on the ground.
LUB acknowledged the significant role the scheme has played in attracting investors and accelerating development in the region and also highlighted the need for the expansion of both financial outlay and timelines for the NCSS. These extensions are crucial for those who are still stuck in the land acquisition process ,
Concerns were also raised regarding potential amendments to the GST-linked incentive component. LUB strongly advocated for retaining the current structure, which provides gross GST incentives rather than shifting to GST incentive on value addition component only. They highlighted that such a change would undermine investor confidence in the region.
The delegation included key members as Sh. Praveen Pargal, State President of Laghu Udyog Bharti, LEAD Directors Sh. Sunil Shah and Sh. Manish Ahluwalia, along with Sh. Harinder Gupta, LEAD’s Manufacturing Sector Incharge.
Hon’ble Minister Sh. Piyush Goyal commended LAGHU UDYOG BHARTI & LEAD’s proactive efforts in promoting the scheme, noting the organization's key role in inspiring investors across the country to explore opportunities in J&K.????????
