J&K LG constitutes high-level panel for relief, revival of UT’s business sector

at 9:39 pm

Abid Bashir

Srinagar (NVI): Showing concern over huge losses inflicted on Jammu and Kashmir’s business community since past one year, Lieutenant Governor Manoj Sinha today constituted a high-level committee for working out a proposal for relief and revival of the business sector in the UT.

Headed by advisor KK Sharma, the panel comprising senior bureaucrats and chairman/managing director of Jammu & Kashmir Bank would hold discussions with business associations and submit a consolidated proposal for consideration of the government at the Union Territory and at Central level.

The panel comprising of Finance Commissioner; Secretary, Industries and Commerce; Secretary, Tourism department and Chairman/Managing Director- J&K Bank has been directed to submit a consolidated report by September 1, 2020.

The announcement for the constitution of the committee was made by Lieutenant Governor Manoj Sinha during his interaction with Kashmir Chamber of Commerce and Industries here today.

During the interaction, the Lt Governor said that trade and industries are the major impact sectors for the economic development of any region and more effective measures are on cards to develop a conducive environment for the development and growth of the industrial and business sector in the UT.

The members of the delegation of KCCI led by its President, Sheikh Ashiq Hussain apprised the LG on a range of issues concerning the prominent business sectors including industries, hospitality, handicrafts sector, houseboats, tourism, private schools, apple cold storage, young entrepreneurs, etc.