The Biz Reporter
Srinagar, Nov 4: In a significant development, the PHD Chamber of Commerce & Industry Kashmir delegation, led by A P Vicky Shaw, Chair of the Kashmir region, convened an exclusive meeting with the Department-Related Parliamentary Standing Committee on Industry.
The delegation, which included esteemed members Himayu Wani, Bilal Kawoosa, Sajad Shah, Shabir Abdullah, and Iqbal Fayaz Jan, Deputy Director J&K, had the privilege of discussing and presenting a detailed set of recommendations related to industry and Micro, Small, and Medium Enterprises (MSMEs) in Jammu and Kashmir.
The meeting, presided over by Rajya Sabha MP Yajnik Amee Harshadray, Chair of the Committee, was convened with the primary objective of addressing the economic prospects of the Kashmir region and extending essential support to the existing MSMEs in the area. The PHDCCI delegation presented a comprehensive array of recommendations that encompassed various aspects of industrial development in the region.
Among the key recommendations presented by the PHDCCI delegation were the proposal to designate the Kashmir region as a Special Economic Zone, providing marketing support to the existing MSMEs, relaxing Reserve Bank of India (RBI) norms specific to Kashmir, and implementing a policy that directs 25% of public procurement through MSMEs.
Additionally, the delegation emphasized the urgency of implementing measures such as enhancing the effectiveness of the Micro and Small Enterprise Facilitation Council (MSEFC) to address delayed payments, establishing a Delayed Payment Monitoring System, and introducing a Revival and Rehabilitation Scheme for struggling MSMEs. They also underscored the significance of streamlining the entrepreneurial process through the effective implementation of a Single Window Clearance system.
In a bid to further support the growth of MSMEs, the Chamber proposed the provision of grants for establishing showrooms and warehousing facilities at local, national, and international levels under the Micro and Small Enterprises-Cluster Development Program (MSE-CDP Scheme). The delegation also highlighted the need to address land availability and streamline land use change procedures for prospective entrepreneurs, and they recommended adopting a cluster-based approach for the development of different clusters under the MSE CDP Clusters based on area, sector, and activity.
The parliamentarians in the Committee lent a receptive ear to the PHDCCI delegation, expressing their appreciation for the innovative and crucial recommendations presented by the industry representatives. They pledged to recommend all the points and suggestions made by the Chamber, acknowledging their potential to drive positive change and stimulate growth in the region.
The PHDCCI delegation extended its gratitude to the Department-Related Parliamentary Standing Committee on Industry for the opportunity to present these vital recommendations. They remain steadfast in their commitment to working collaboratively to improve the industrial landscape and promote the interests of MSMEs in Jammu and Kashmir. This exclusive meeting marks a significant step towards fostering economic growth and development in the region.