KCCI Seeks Business Revival Package

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KCCI President Sheikh Ashiq – File Pic

Srinagar: President Kashmir Chamber of Commerce and Industries KCCI Sheikh Ashiq Tuesday held a virtual meeting with the Union Finance Minister Nirmala Sitharaman with a demand for comprehensive economic revival package for Kashmir.

The meeting was attended by other business heads of Jammu also and started at 4 PM on WebEx platform called for revival of business activities in J&K.

Sheikh Ashiq spoke on issues being faced about economy and finances of businesses in Kashmir.

” We Gave reference of earlier meetings with Finance Minister in March and after that everything got derailed with the Covid 19 pandemic. We reminded her about those assurances,” Ashiq said, ” we have been on the receiving end since August 5 last year. Covid pandemic added to our miseries. We sought special package for Kashmir which will cover all the sectors.”

He also raised the issue of technical issue of RBI announced package. which affected thousands of our businessmen.

“Those accounts which were not overdue on 5th august couldn’t avail benefits as we suggested should have been standard on 5th august,” he informed Finance Minister.

Ashiq also sought interest waiver of business accounts since August 5 lockdown.

Ashiq also informed the Finance Minister about the formation of committee for economic revival of J&K on the directions of LG Sinha after KCCI raised the issue with him.

“We sought her support to the LG administration for the economic revival package. We have submitted memorandums to GOI also about those issues which we projected with LG also.”

I informed her that KCCI will always advocate opening of businesses not their closure,he said. “More than half a million unemployed youth has been added to the unemployment youth numbers after August 5. I advocated for revival packages of all sectors.”

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