Jammu industrialists seek fiscal incentives to encourage export of goods outside J&K

Jammu industrialists seek fiscal incentives to encourage export of goods outside J&K

PTIUpdated: Saturday, August 07, 2021, 06:12 PM IST
article-image
Jammu and Kashmir faces additional cost of production and transportation for sending finished goods by road to nearest port due to non-availability of Inland Container Depot or Dry port in the Union Territory. Money/ Representational Image | File photo

Welcoming Prime Minister Narendra Modi's target of $400 billion in exports this year, an organisation of industrialists in Jammu on Saturday requested for fiscal incentives in the shape of reimbursement of road freight to the local unit holders to encourage them to export their goods outside the country.

Bari Brahmana Industries Association (BBIA) president Lalit Mahajan said Jammu and Kashmir is sitting at the far end of the country and face additional cost of production and transportation for sending finished goods by road to nearest port due to non-availability of Inland Container Depot or Dry port in the Union Territory.

"We request Prime Minister to grant the fiscal incentive in the shape of reimbursement of road freight to industrial units located in J&K to the nearest port to encourage the export of quality goods till the creation of necessary infrastructure for Inland Container Depot and Dry Port in both Jammu and Kashmir divisions,” Mahajan said.

Referring to the virtual meeting with Modi which was among others attended by stakeholders of Jammu here on Friday, he said the Prime Minister assured all sort of help to the exporters and investors to take brand India to each and every corner of the world and achieve the target of $400 billion.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byjus's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29...

A Big Relief For Byjus's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29...