SRINAGAR (ONS) – Chief minister Omar Abdullah on Tuesday pulled up sections of India Inc for preying on special economic packages granted to militancy-ravaged J and K, and fleeing after gulping down their hefty incentive component.
The state has witnessed business houses from outside coming with the announcement of industrial packages by the state and the central governments, and disappearing with the disappearance of the concessions, he said.
The Bari-Brahmana Industrial Estate still possesses ruins of big industrial houses and units which came here to take advantage of concessions, and left lock, stock and barrel when the package ended, he said.
I understand that industrialists are business-minded and their goal is commercial benefits but showing presence for taking advantage of packages, and leaving behind corporate social responsibility makes the picture grim, he said.
Seminars and functions by India Inc in the state time and again during the last some years should result in establishing industrial units by big business houses here, which is not visible so far, he said.
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