Jammu MSMEs seek fiscal incentives to encourage export of quality goods Jammu, Aug 9 (KNN) Hailing Prime Minister Narendra Modi's tar...
Jammu MSMEs seek fiscal incentives to encourage export of quality goods
Jammu, Aug 9 (KNN) Hailing Prime Minister Narendra Modi's target of 400 billion dollars in exports this year, Bari Brahmana Industries Association (BBIA) has requested for fiscal incentives in the shape of reimbursement of road freight to the local unit holders to encourage them to export quality goods.
BBIA president Lalit Mahajan said Jammu and Kashmir (J&K) is sitting at the far end of the country and face additional cost of production and transportation for sending finished goods by road to nearest port due to non-availability of Inland Container Depot or Dry port in the Union Territory.
"We request Prime Minister to grant the fiscal incentive in the shape of reimbursement of road freight to industrial units located in J&K to the nearest port to encourage the export of quality goods till the creation of necessary infrastructure for Inland Container Depot and Dry Port in both Jammu and Kashmir divisions,” Mahajan said.
Referring to the virtual meeting with Modi on Friday which was attended by stakeholders of Jammu, he said the Prime Minister assured all sort of help to the exporters and investors to take brand India to each and every corner of the world the with the assurance to provide all sort of help in the shape of Production Linked Incentives (PLI) announced by government which also includes Rs 88000 crores insurance cover to produce quality products by enhancing the production capacity, efficiency and the level of global quality standards.
Mahjan also requested the industries department to identify the export related engineering goods items to be manufactured in Jammu & Kashmir.
''It is pertinent to mention here that there is a lot of scope for the Export of Engineering Goods due to high value addition but limited attention was given in Jammu & Kashmir in past to encourage the establishment of engineering based industrial units for which we also request that industries department should identify the export related engineering goods items to be manufactured here,'' he added.
