JAMMU: Bari Brahmana Industries Association has appealed to the Lt Governor G.C. Murmu to formulate Ancillarisation Policy for the Union Territory of Jammu & Kashmir in order to protect the local MSME sector here.
The appeal was made during a meeting of the Association held under the Presidentship of Lalit Mahajan in presence of Tarun Singla Sr. Vice President, Ajay Langer Vice President, Viraaj Malhotra General Secretary, Rajesh Jain Secretary, Vivek Singhal Treasurer and other members of the Association to discuss the implementation of Ancillarisation Policy by the Union Territory of Jammu & Kashmir for providing due share in the purchase of raw materials and packaging materials from the local MSME Sector by the Medium and Large Scale Units working as well as under implementation in our State on the initiative of Lt. Governor G.C. Murmu.
During the course of discussions, Members present in the meeting, hailed the efforts of Lt. Governor G.C. Murmu to attract New Investment in our State in Industrial Sector, resulting in massive industrial investment in process from the domestic as well as from foreign investors in near future. They said, we are hopeful that the Employment Graph of Local Youths in the Industrial Sector would reach the highest level.
It is pertinent to mention here that after the removal of Toll Tax w.e.f 01-01-2020, uncertainty prevailed in the mind of Local MSME Units in respect of purchase of Raw Materials/Packaging Materials by Medium & Large Scale Units established in the State from Local SSI Units as it has been brought to our notice that number of Units are in the process for the purchase of Raw Materials and Packaging Materials from outside the State which will be a setback to the Local Units being run mostly by the Sons of the Soil.
It is worthwhile to mention here that the Ancillarisation process was started in India simultaneously with the Govt. setting up Enterprises almost in all the core sectors. The large Industries and other Public Sector undertaking (PSUSs) started sub-contracting the standard and low technology items to the Local Small-Scale Industries which developed a sound base of Ancillarisation, helped Proliferations and Development of MSME Sector and we strongly support the concept of Ancillarisation in Private Sector also which will prove a milestone in ushering in an era of sub-contracting amongst the Industries located in our State which will increase the avenues of the Employment also.
The Association has appealed to the Lt. Governor G.C. Murmu; K. K. Sharma, Advisor to Lt. Governor and Manoj Kumar Dwivedi, IAS, Commissioner/Secretary, Industries & Commerce Department to adopt Ancillarisation Policy for the development of MSME Sector in J&K.