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| BBIA hails Union Budget-2022 | | | Early Times Report
JAMMU, Feb 1: Bari Brahmana Industries Association (BBIA) termed the Union Budget-2022, presented today by Union Minister of Finance Nirmala Sitharaman, as an Industrial Friendly and beneficial for all sections of society of Union Territory of Jammu & Kashmir
BBIA said that it is a positive step under the Atma Nirbhar Bharat concept and have entered into Amrit Kaal, the 25-year-long lead up to India@100 years of Independence.
While going through the Budget, Lalit Mahajan, President, BBIA welcomed several points which will help in creation of infrastructure in Industrial Sector including introduction of PM Gati Shakti National Master Plan which encompass the seven engines for economic transformation, seamless multimodal connectivity and logistics efficiency, extension in Emergency Credit Line Guarantee Scheme (ECLGS) up to March 2023, Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds which will facilitate additional credit of 2 lakh crore for Micro and Small Enterprises and expand employment opportunities.
Contracts for implementation of Multimodal Logistics Parks at four locations through PPP mode will be awarded in 2022-23 for which we request the Union Finance Minister to allot one Multimodal Logistics Parks to J&K keeping in mind the repaid Industrial Growth in our State on the basis of Package of Incentives announced by Govt. Of India which will provide great relief to Industrial Sector of J&K.
Introducing Skilling programmes and partnership with the industry will be reoriented to promote continuous skilling avenues, sustainability, and employability. The National Skill Qualification Framework (NSQF) will be aligned with dynamic industry needs.
Further the Budget allocation for Infrastructure Development is also a key factor for the development of Industrial Sector.
We request to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman to provide the adequate funds for the development of Industrial Infrastructure which includes the completion of Industrial Estates in time bound manner in Union Territory of Jammu & Kashmir on priority basis. |
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