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[ad_1] SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) congratulated JK Bank for making an all-time high net profit of 1197 Crores in the last financial year besides improving significantly upon all other banking parameters. In a statement FCIK while attributing the remarkable achievement of the bank to its dedicated and hardworking management and…
[ad_1] SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) has called for immediate intervention by the UT government in resolving issues between J&K Bank and MSMEs, in order to put a stop to the maligning campaign launched by the former against non-performing assets (NPAs) without giving them a reasonable opportunity of being heard. The…
[ad_1] SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) has expressed concern over non-compliance of government orders by various departments regarding the procurement of 25% of their total annual procurement of goods or services from Micro, Small, and Medium Enterprises (MSMEs) and has urged for strict action against violators of orders. In a statement…
[ad_1] SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) expressed its disappointment regarding the recent reconstitution of the Boards of Directors of Jammu and Kashmir Small Scale Industries Development Corporation (SICOP) and J&K State Industrial Development Corporation Ltd. (SIDCO). The reconstitution resulted in the exclusion of industrial stakeholders from the boards. Prior to 2019,…
[ad_1] SRINAGAR: The Federation of Chambers of Kashmir (FCIK) has taken strong exception to the penalty proceedings launched by the Employees Provident Fund Organisation (EFPO) against hundreds of employers in Jammu and Kashmir valley under section 14B of the Provident Fund Act for making belated payments after respective due dates of filling of returns during…
[ad_1] SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) has urged the central government to consolidate the existing industrial base in Jammu and Kashmir and its ambitious expansion plans for industrial development under the “New Central Sector Scheme” (NCSS) launched in 2021 with an outlay of 28400 Crores over a period of time. This…
[ad_1] SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) has called on the government to recognize the dire situation faced by the Micro, Small and Medium Enterprises (MSMEs) in the Kashmir region and to take immediate action to fulfill its commitments to this vital sector. The FCIK, which represents the organized industrial estates of…
[ad_1] SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) has expressed regret over the fire incident which took place in industrial estate Anchidora, Anantnagon Thursday evening in which the property worth over 100 lakhs belonging to a polyfoam mattress manufacturing unit M/s 5-Star polymers was destroyed While conveying deepest sympathies on behalf of the…