The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has welcomed the five-year extension of special package of industrial incentives to Uttarakhand stating that it will give much needed thrust for industrial promotion and new job generation in the disaster affected Uttarakhand especially as there is an urgent need for speedy and overall effective development of the State. The Government should use this to promote growth and development of small scale industries to spurt employment.
“Industries in major sectors of agro based, woolen, silk and artificial thread based clothes, ready-made garments and embroidery, wood and furniture, repairing and services, handloom, handicraft, metals and others have suffered grave losses in wake of the massive floods that hit the State last year,” said ASSOCHAM national secretary general DS Rawat.
“The State Government must engage the private sector and take investor-friendly initiatives to boost the investment scenario in State and spur job creation as the State had been jolted by massive job losses following the disaster in June last year. With a mountainous terrain, Uttarakhand is naturally disadvantaged owing to the dearth of industrial land and significant logistical problems like transportation and must be given due support by the Centre for swift development considering the rising competition amid States to lure maximum investments from both public and private sources,” he said.
ASSOCHAM has also recommended that identified land should be allotted wisely according to the feasibility and other compliances of the project.