Business community should invest vigorously in J&K: Wazir

President HRAK and Chairman Jammu Region Chapter of PHDCCI Rakesh Wazir speaking at a function on Thursday

KATRA: President Hotel & Restaurant Association, Katra (HRAK) and Chairman Jammu Region Chapter of PHD Chamber of Commerce & Industry (PHDCCI) Rakesh Wazir said that business as a whole can’t develop until unless the entrepreneurs, financial institutions and government departments go together.
While speaking in a function organised jointly by Ministry of Micro Small and Medium Enterprises (MSME) , HRAK and PHDCCI, Wazir said that the biggest problem is this that most of the people do not even know the various schemes and incentives being provided by the government and the entrepreneurs could not even avail those incentives and the programmes like that are organised mainly with the purpose that entrepreneurs may avail those incentives and invest vigorously in the J&K.
Wazir further said that the major purpose of those incentives is this that with the coming of new units major employment is generated besides development of the area is done and this becomes the responsibility of the business community also to invest whole heartedly in the new ventures.
Speaking on the occasion, Joint Director Industries Trishala elaborated in detail the incentives enforce including subsidy on new units, subsidy for substantial expansion, interest subsidy of 2% on all loans disbursed after 2017, etc.
Deputy Director Industries Dr Ashwani Kumar and Assistant Director MSME Mohit Kumar, while speaking on the occasion, requested the representatives of various financial institutions present on the occasion to pass on the benefits of incentives particularly 2% interest subvention to the entrepreneurs.
Shyam Lal Kesar, Chairman HRAK; Rahul Sahai, Co-Chairman PHDCCI Jammu Region; and Virender Kesar, Senior Vice president HRAK and convernor/Head Reasi District urged the authorities that all the benefits which are available to the Industries be made available to the Hotel Industry as well.
The meeting among others was attended by Vivek Sharma, Vice president HRAK; Koushal Magotra, Convenor/Head PHDCCI Patnitop; Rakesh Sharma, Arun Kumar, Amit Sharma, Sohan Kohli etc.