Home Jammu CM calls for revival of stressed MSMEs

    CM calls for revival of stressed MSMEs

    Srinagar, Sep 19: Chief Minister Omar Abdullah today directed the Industries & Commerce Department to adopt a proactive and inclusive approach in strengthening Jammu and Kashmir’s industrial ecosystem, with a special focus on employment generation, sustainability and competitiveness.

    Chief Minister emphasized the need for handholding of MSME units which are in distress but still revivable with minimal government intervention. He asked officials to identify such units at an early stage so these do not become defunct. “Such units can generate significant employment if supported in time,” he said.

    Chief Minister expressed concern on slow progress under capital expenditure during current fiscal particularly under PMEGP & REGP schemes asking the department to at least match the last year’s progress.

    Chief Minister also reviewed the New Central Sector Scheme aimed at encouraging new investments and incentives provided under the scheme. CM assessed the claim wise progress achieved under the scheme and called for completion of targets fixed under the NCSS.

    He also asked Industries Department to prioritize setting up of industries for which either raw material is readily available or the market is locally available for finished products.

    Calling for a review of the land policy in industrial estates, Omar Abdullah stressed on ensuring early allotment of land to Units which have deposited premium but their proposals for land transfer remain in limbo. CM gave directions for early completion of 46 new Industrial Estates and to take up development of existing industrial estates to ensure judicious and productive use of industrial land.

    On improving the business climate, the Chief Minister urged the department to explore what J&K can itself do to enhance the Ease of Doing Business, beyond national benchmarks. He further instructed officials to design policies that attract new industries in the wake of new GST rate slabs announced by Central Government, with a clear differentiation of how J&K can uniquely position itself compared to neighboring states.

    To ensure stronger policy implementation, Omar Abdullah asked the department to seek structured feedback from new industries that have applied under Single Window Clearance or begun operations under the SWC system, so that operational gaps can be identified and addressed.

    With regard to GI certification of crafts, the Chief Minister called for augmenting GI certification testing facilities so that dealers do not suffer due to limited capacity of Handicrafts department, cautioning that without adequate systems in place, the very purpose of GI tagging would be undermined.

    “Industrial development in J&K must not only attract investment but also ensure it translates into jobs, livelihoods, and sustainable growth for our youth and artisans,” Omar Abdullah said.

    Earlier, Commissioner Secretary Industries & Commerce Vikramjit Singh made a detailed presentation highlighting the department’s progress.