A delegation led by Mr C P Gupta, Chairman CII J&K State Council met Dr Haseeb Drabu, Hon’ble Minister for Finance, Government of J & K to present CII Pre Budget Memorandun for J & K State.

Mr Gupta highlighted the concerns of the Industry and recommended that the new Industrial Policy should be announced at the earliest with thrust on making Jammu & Kashmir an investment destination and also to enhance its competitiveness by leveraging its strengths and potential. He recommended round the clock functioning of Lakhanpur Toll Post and also mentioned that no entry tax on should be levied on material handling equipment.

On Ease of Doing Business he recommended that the Single Window System must be brought under IT platform and made online. This would facilitate effective tracking and monitoring of the applications he added. The memorandum presented also include recommendation on the sectors including Agro & Food Processing, Tourism, Biotechnology & Pharmaceuticals, Skill development, IT, Innovation, Research & Development as also Rehabilitation of sick units, promote adoption of environment friendly technologies and encouraging exports.

Besides these, recommendations on VAT remission, Entry Tax, Input Tax Credit, Disbursement of Subsidies etc were also given.

The meeting was also attended by senior officials of Government  of J & K.