Laghu Udyog Bharati, Jammu and Kashmir State Unit, has urged the government to take immediate action to help the industrial see-tor in J&K. The organisa-tion held a meeting led by State President Shri Parveen Pargal, with other senior members including Rajinder Gupta, Dinesh Gupta, Advocate Ishant Gupta, Aagam Jain, and CA Pranav Gupta. The meeting focused on the problems faced by indus-tries and ways to support their growth.
Parveen Pargal said that Laghu Udyog Bharati has always worked for the welfare of industrialists, He requested the govern-ment to pay attention to important issues that are hurting businesses, espe cially Micro, Small and Medium Enterprises,
Despite many requests, many problems remain unsolved, which is affect ing industrial growth in the region. One important issue raised was about units that made their first invest ment before 30th September 2024.
Many entrepreneurs bought land, got pollution certificates, prepared proj ect plans, and completed other formalities before this date, but did not finish their full application in time.
Laghu Udyog Bharati asked the government to include these units in the incentive scheme, as excluding them would be unfair and harm future growth.
The organisation also requested that the dead line for registration under the New Central Sector Scheme be extended by
two years, up to 30th up September 2026. This extension will help more investors benefit from the scheme and support the growth of MSMEs, which are important for creating jobs in J&K.
Another major concern is the removal of the pur-chase preference given to MSME industries. Before GST and the reorganisa-tion of J&K, MSME units supplied goods to govern-ment departments with a purchase & price prefer-ence.
This helped them stay in business. After GST, this preference was withdrawn suddenly, causing many units to face losses or close down.
Even though industry groups took part in discus-sions, no new procurement policy has been made yet in operations, and indus tries continue to face prob lems.
