<p>A delegation of Laghu Udyog Bharati J&K calls upon recently appointed Chief Secretary J&K Atal Duloo, IAS to address pressing issues hindering industrial growth in the region and also extend their warm wishes for his assignment as Chief Secretary. The delegation was led by President J&K LUB Parveen Pargal, Vice Presidents Adv. Ishant Gupta & Mukul Gupta, Secretary Aagam Jain and Special Member Dinesh Gupta.<br>Parveen Pargal apprised CS their Concerns include the delayed development of new Industrial Estates, pending land possession for allottees since 2021, and limited availability of land types for development. The delegation emphasizes the pivotal role of private players in accelerating industrial estate development, urging the authorization of Change of Land Use (CLU) for various land types.</p><p>Pargal added that with the impending policy deadline of September 30, 2024, the delegation requests an extension, highlighting investor anxiety and the need for timely handling. They propose waiving stamp duty for private industrial parks and industrial plot purchases, aiming to boost private sector involvement. Additionally, the delegation advocates for the removal of a 5% transfer fee on changing land use, fostering collaboration between private developers and investors.</p><p>Pargal further said that the memorandum underscores the challenges faced by existing industries, particularly in procurement through the GEM Portal, impacting local Micro and Small Enterprises. The delegation suggests a split procurement policy and strict regulation by government agencies to ensure fair distribution. Further concerns involve turnover incentives, urging the government to fulfill claims exceeding the budgeted 50 crore limit. Lastly, clarification on fiscal incentives for existing industries undergoing substantial expansion or changing activities is sought to prevent confusion at district levels.</p><p>Parveen Pargal urges for urgent action to address these issues, facilitating a conducive environment for industrial growth in Jammu & Kashmir.</p><p>Atal Duloo, IAS heard the delegation very patiently and assured the necessary meansures and immediate steps required to boost the functioning of Industrial Units in J&K will be taken at the earliest.<br> </p>