SSI Association seeks incentive package for micro units

STATE TIMES NEWS

JAMMU: Small Scale Industries (SSI) Association of Jammu has demanded a special package of incentives for micro industry, which is on verge of closure. President SSI Association, Jatinder Aul and General Secretary Anil Modi have urged Lt Governor Manoj Sinha to initiate immediate steps for preventing possible closure of micro units in near future.
While chairing Executive Committee meet, Jatinder Aul said that a memorandum has already been sent to the Lt Governor listing problems faced by Micro units, seeing their redressal on urgent basis. We demand 100 per cent GST (SGST+ IGST) exemption to existing Micro units without condition of additional line under substantial expansion, he said, adding that earlier incentive of 100 per cent VAT remission was available to micro sector which was regrettably withdrawn in GST regime. President SSI Association further said that in every industrial package, most of the incentives are given to fresh units, perhaps to attract new investment in industrial sector but already existing are left high and dry.
The Association also asked for 100 per cent Transport subsidy for sale of goods outside J&K so that entrepreneurs do not depend on local market for their survival. Others issues raised on the occasion included waiving of 3-year turnover clause incorporated in Govt tenders, simplifying registration process for allowing additional line of activity /product by existing units, permission for trading of related items etc.
Urging Lt Governor to give urgent attention towards micro industrial sector, Jatinder Aul said that Govt is justified to attract outside investment in industrial sector but at the same time it is equally imperative to financially help existing micro units. Those who participated in the meeting included vice President of Association Deepak Gupta, Sanjay Chopra, Parveen Jain and Ved Sharma.