Tag: Industrial

JK Bank CEO Assures Continued Support To Industrial Sector During Interaction With Entrepreneurs

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SRINAGAR: J&K Bank’s MD & CEO, Baldev Prakash, engaged in a direct conversation with individuals associated with the industrial sector on Saturday. The interaction took place at the Industrial Growth Centre in Pulwama and involved representatives from the Industrial Association Lassipora, led by its president Haji Muzaffar. Accompanying the MD & CEO were senior officials of the bank, including General Manager Corporate Banking Ashutosh Sareen, General Manager Credit & Business Operations (Kashmir Division) Tabassum Nazir, Zonal Head Pulwama Tariq Ali, Zonal Head Srinagar Shabir Ahmad, and other high-ranking executives.
President of the Cold Stores Association, Majid Aslam Wafai, along with dozens of entrepreneurs, participated in the interactive session conducted by the Industrial Association Lassipora, representing hundreds of unit holders housed in one of the leading industrial centers of North India.
During the session, MD & CEO assured the participants of the bank’s continued patronage and handholding to the industrial sector within regulatory norms. He stated that establishing large credit units with dedicated and well-trained relationship managers was a step in the direction of easing and facilitating business for entrepreneurs. He further insisted that the turnaround time of credit proposals would be minimized further with the introduction of more digital platforms. He stated that it was time for the bank and the industrial sector to join hands to take the economic prosperity of the UT to another level.
Haji Muzaffar, while calling J&K Bank “Humara Apna Bank,” said, “It gives us immense pleasure that you have come to listen to the people who consider J&K Bank as their own bank and J&K’s backbone. We have gone through thick and thin, but our trust and connection with J&K Bank hasn’t dwindled a bit.” He added, “However, we expect J&K Bank to realign some of its strategies to keep pace with changing scenarios in the industrial sector.”
Majid Wafai hailed the bank management headed by MD & CEO for giving a patient hearing to unit holders. He stated, “Our units wouldn’t have materialized had there not been financial support from J&K Bank. The majority of us are first-generation entrepreneurs, and J&K Bank has guided and supported us in setting up these units. Our successful journeys are synonymous with J&K Bank, and it gives us heart and hope that our mentoring financial institution has embarked on the path of renewed success and profitability.”
During the interaction, General Manager Ashutosh Sareen highlighted various steps taken by the bank to encourage entrepreneurial excellence in the region. The session concluded with a vote of thanks by General Manager Tabassum Nazir, who stated that customer satisfaction was the cornerstone of the bank’s success.

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#Bank #CEO #Assures #Continued #Support #Industrial #Sector #Interaction #Entrepreneurs

( With inputs from : kashmirlife.net )

April 29, 2023
JK’s Industrial Development To Fuel India’s Future Growth: LG Sinha

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SRINAGAR: Lieutenant Governor Manoj Sinha addressed ‘North Zone MSME Conclave & Investors Meet’ organised by Laghu Udyog Bharati, on Sunday.
The Lt Governor shared the key initiatives of JK administration to facilitate the MSMEs in the UT and to harness its unlimited potential.
“Under the guidance of Prime Minister Narendra Modi, Government has taken a number of steps to promote growth and development of MSMEs in the country. Today, MSMEs account for more than 30% of India’s GDP and 49.5% of exports, thus contributing significantly to economic growth,” said the Lt Governor.
“The future economic growth will be driven by the MSMEs. We have taken several steps in the UT such as investment in innovation skills, MSME-centric industrial estates, access to financing, incentives and adequate infrastructure to boost the growth of MSMEs,” the Lt Governor added.
Underscoring the important role of private sector in the UT’s growth, the Lt Governor asked the potential investors to take advantage of the business-friendly environment developed for the industries.
“J&K is emerging as a vibrant, fastest growing and most attractive investment destination. Today, the world is recognizing the all round transformation taking place in Jammu Kashmir. Renowned companies from across the country and abroad are looking forward to invest here. I welcome Industry leaders to be part of this journey”, said the Lt Governor.
Industrial development in J&K aims to create more inclusive, creative and sustainable society. The UT will play an important role as new engine of India’s growth in the future. New Industrial Scheme focuses on enabling environment to create jobs and increase productivity, he added.
Speaking on the effective measures taken in order to promote MSMEs, the Lt Governor said, 25% procurements from MSMEs have been made mandatory for Government departments & Public sector undertakings and local filter has also been made operational on GeM platform.

Since the launch of Udyam Registration portal in 2020, two lakh MSME units have been registered in J&K. As many as 38,000 micro and small enterprises are run by women. In the last financial year, 18,000 women-owned enterprises were provided assistance of more than Rs 500 Crore under credit guarantee scheme, said the Lt Governor.
On the progress registered to boost the MSME sector, the Lt Governor said, under PMEGP, an unprecedented 21,640 manufacturing and service units were established in 2021-22. As many as 42 industrial estates will be set up in Jammu Kashmir in the next few years and out of these 34 industrial estates will be focused on MSMEs, noted the Lt Governor.
All 20 districts are being developed as export hubs and emphasis has been laid on the promotion of products which will boost MSMEs’ growth, he added.
There is immense potential for MSMEs in the field of Integrated Processing Facility, Mega Food Park and Cold Chain Logistics. The Holistic Agriculture & Allied Sector Development Plan worth Rs 5013 crores will boost the growth of MSMEs in J&K UT, observed the Lt Governor.
The Lt Governor highlighted the efforts for reforms and strengthening of industrial ecosystem.
Massive reforms in terms of basic amenities, infrastructure and banking facilities have ensured stability and made the UT’s growth more inclusive, said the Lt Governor.
The work done for industrial development of J&K is clearly visible. In the last two years, Jammu Kashmir has received 5,372 investment proposals worth Rs 70,000 crore. Proposals worth Rs 24,000 crore from more than 1,800 companies have been approved, he added.
The Lt Governor said the UT Government is making dedicated efforts for GI tagging of niche & premium local products while the export in carpet and pashmina is witnessing an upward trend. We are promoting village industrial units and self-help groups and also developing human resources for Industries 4.0, he added.
The Lt Governor also spoke on the ongoing road infrastructural and other projects to strengthen the connectivity. He further highlighted the land reforms introduced in the last three years and the measures taken to ensure land availability for industries.

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#JKs #Industrial #Development #Fuel #Indias #Future #Growth #Sinha
( With inputs from : kashmirlife.net )

April 23, 2023
FCIK Demands For Consolidation Of Existing Industrial Base

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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 was conveyed by FCIK representatives to the Director of the Department for Promotion of Industry and Internal Trade (DPIIT), Dr Kajal, and her team of officers in a meeting held at Sanat Ghar Srinagar. The FCIK was led by members of the Advisory Committee, Shakeel Qalander and Mohammad Ashraf Mir, with the participation of presidents of various industrial estates, including Lassipora, Khunmoh, Rangreth, Zainakote, Shalteng, Sanat Nagar, Baghi Ali Mardan Khan, Zakura, Ganderbal, Silk Park Zakura, and other constituents.
FCIK representatives conveyed that the desired transformation in industrial development could only take place by following the principles of natural growth, which envisages the consolidation of the existing industrial base before spreading out for expansion. While hailing the NCSS for enhanced industrial development, they said that the plan also required a change in the working atmosphere and system to facilitate existing and prospective entrepreneurs with flawless services.
Recalling the central industrial scheme of 2002 launched by the then Prime Minister, Atal Bihari Vajpayee, the FCIK representatives regretted that the scheme could not bring any substantial change owing to inherent deficiencies. They said that the whole scheme, spread over more than a decade, could only attract investment of about 3000 crores, mostly in two districts of 22 districts of the erstwhile state of J&K. They said that NCSS-2021 may, God forbid, meet the same fate if the problems of existing enterprises were not addressed to boost existing and prospective investor’s confidence. They informed the visiting team that a whole lot of existing units were presently in complete distress and working on meager capacities much below their break-even, apart from a large number of units that had already turned sick.
FCIK suggested DPIIT to earmark a sum of 10000 Crores out of 28400 Crores under NCSS, which could be utilized for incentivizing existing industrial units on revival and rehabilitation of sick units, diversification, modernization, and expansion programs. This initiative could not only save thousands of crores of investment made in existing infrastructure but could also establish a strong foundation for desired expansion plans, said FCIK members, adding that re-enforcing of existing units had the potential of generating one million jobs in a short run.
FCIK members expressed their dismay over the non-seriousness of the local administration towards the plight of existing industry and said that the role and functionaries of the industries department required complete reformation and revamp.
FCIK also complained to DPIIT of withholding a corpus fund of 100 Crores along with some other grants approved in 1999 by the then Prime Minister on the recommendations of Task Force on MSMEs. The FCIK representatives said that J&K badly needed such a corpus with appropriate enhancement.
The Presidents and other members also registered their complaints regarding the difficulties faced by enterprises in availing incentives under NCSS-2021 and suggested changes in rules and regulations.

Dr Kajal in her response assured FCIK team to revisit provisions of guidelines for the incentive scheme in order to benefit unit holders. She said that the team was dumbfounded to know about the ground realities about existing industry. She assured to take up the matter with her high ups in the department and in turn with relevant quarters for finding a resolution to the problems brought in her notice. She asked FCIK to furnish a detailed note on all these issues with suggestions thereof. She also assured of having regular and frequent interaction with the stakeholders in future.

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#FCIK #Demands #Consolidation #Existing #Industrial #Base
( With inputs from : kashmirlife.net )

April 21, 2023
Air India pilots’ unions reject proposed pay structure, warn of industrial unrest

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New Delhi: In a major development, the Indian Commercial Pilots Association (ICPA) and the Indian Pilots Guild (IPG) of Air India have rejected the new pay structure proposed by the airline.
The primary bone of contention is the reduction in flying allowance from 70 hours to 40 hours every month under the new structure, which the pilots believe is unfair.
The two unions have warned of possible ‘industrial unrest’ if the management goes ahead with the new terms without their consent. While Air India has stated that it will “continue to engage with the remainder of its staff”, the airline has taken a tough stance on the issue, saying that there are “no recognised unions in Air India”.

This is the first wage revision offered by the Tata group-owned Air India since its takeover last year, and it will affect all 3,000 pilots across its four airlines – Air India, Air India Express, Air Asia India, and Vistara.
The pilots’ unions have instructed their members to reject the new employment conditions and wage structure offered by the management.
An agreement has been put in place for the employees to sign by April 25, but the two unions have stated that they will contest the terms and conditions, with their pilots refusing to sign the revised employment and compensation terms.
The two unions have warned of potential industrial unrest if the company takes any coercive or victimising action against their members.
In a joint statement, the unions stated that the company reiterated that “all previous understandings, representations and agreements of whatever nature that have been entered into with us are null & void and that the company further has the right to change any terms and conditions”.

“The term cost to the company for an assumed flying of 70 hrs is deliberately misleading and creates an impression of a generous compensation and accompanying benefits package. The actual guaranteed money being offered is only for 40 hrs. Effectively, any time a pilot is on leave or is unavailable due to recurrent training requirements or document/licence renewals, not to mention any sick leave, there is an automatic pay cut involved,” the statement read.
“The so-called rationalisations of allowances is not in line with any industry practices as projected by HR. Further, blanket consent is sought for any leave or insurance policy that the company may come up with & which is subject to amendment or outright withdrawal.
“Suffice it to say that this is not an all-inclusive list but merely a selection of some of the most outlandish and labour-hostile provisions that we have come across to date. This is dishonourable and how the management is trying to force it down the employees’ throats is outright unethical,” it added.
“Nor has the blatant attack on our rights as workmen to bargain collectively or seek legal redressal for any injustice or victimisation gone unnoticed. Where is the company requirement all of a sudden to forcibly promote almost all the permanent workmen of the union to the so-called Senior Commander management cadre? It is clear from all this that there is a concerted effort to gut the unions and isolate pilots into individual boxes where they can be exploited and victimised at will by the HR department,” the statement said.
Meanwhile, Air India’s spokesperson has defended the new compensation structure, which includes parity among different groups, recognition of managerial and supervisory roles for experienced pilots, and individual contracts sent to pilots and cabin crew for necessary paperwork.
“The managerial and supervisory role played by the experienced pilots is also being recognised in the form of designating them as Senior Commander as also offering them a special monthly allowance. The contracts reflecting these enhancements were individually sent to the pilots and cabin crew for necessary paperwork,” said the spokesperson.
The spokesperson also claimed that a large number of pilots and cabin crew have already accepted the new contracts, and the salary improvements and advancement opportunities they enable.
“The airline will continue to engage with the remainder of its staff through this process as currently there is no recognised union in Air India,” the spokesperson said.
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( With inputs from www.siasat.com )

April 20, 2023
FCIK Expresses Regret Over Destruction Of Industrial Unit In Fire

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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 apex organisation, the President FCIK assured the promoter of the unit Afroz Shah of every possible support that they required at this crucial juncture.
“FCIK put the onus of all fire incidents in industrial estates on the industrial corporations manning these estates which have miserably failed in building the necessary firefighting infrastructure in industrial estates of the valley,” the FCIK said in a statement, adding, “ The unit in Anchidora could have been saved from massive damage had the corporation put in place fire hydrants and water storage facility in place. Although the unit was equipped with fire extinguishers, these couldn’t help in controlling the fire as it had already spread before the fire fighters reached the spot.
FCIK called the attention of the government to direct the concerned for installation of fire hydrants in all small estates which could work as the first line of action in case of a fire till fire tenderers reached the affected estates. The government should provide full-fledged fire stations in more and more estates and make these fully functional, President FCIK demanded.
FCIK also demanded that the industries department take stock of the fire incident in Anchidora and reach out to the affected unit for all possible help and facilitation.

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#FCIK #Expresses #Regret #Destruction #Industrial #Unit #Fire
( With inputs from : kashmirlife.net )

April 15, 2023
42 New Industrial Estates Being Established In JK

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SRINAGAR: The government has earmarked around 48,301 kanals of land, in view of the establishment of forty two new Industrial Estates that are coming up in the Union Territory of Jammu and Kashmir, media reports said.
As per media reports, 5327 online applications were received on the Single Window Portal for allotment of land to set up industrial units with investment and employment potential of Rs 65,000 crore and 3.12 lakh persons respectively. Of these, 3379 applications have been approved so far with proposed investment of Rs 34,294 crore and employment potential of 1.54 lakh persons.
Daily Excelsior reported that at present 5294 industrial units are functioning in 67 Industrial Estates developed by SIDCO and SICOP on 37,341 kanals land thereby providing employment to 1.09 lakh people.
Additional 48,301 kanals of land has been earmarked for development of 42 new Industrial Estates. Of these, IRCON and NBCC will be developing 19 new Industrial Estates on priority and draft Memorandum of Understanding is being finalized in this regard by the Industries and Commerce Department, Excelsior reported, adding that a private investment of Rs 1539.87 crore has been grounded during the Financial Year 2022-23 (ending January 2023), out of which Rs 949.21 crore is for 552 units which have commenced productions and operations.

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#Industrial #Estates #Established
( With inputs from : kashmirlife.net )

April 15, 2023
Centre Frames Rs 3500 Crore Scheme For Industrial Development Of Ladakh, Awaits CCEA Nod

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SRINAGAR: The Centre has formulated a scheme worth Rs 3500 crore for the industrial development of Ladakh Union Territory. The Union Ministry of Commerce has already approved the scheme, but the cabinet committee on economic affairs (CCEA) is yet to green light it. The scheme is modelled on a similar initiative launched in Jammu & Kashmir in 2021 with a financial outlay of Rs 28400 crore.
A report by the department-related parliamentary standing committee on commerce, states that the scheme was expected to launch in 2022-23. However, due to delays, it could not be launched until now. As per the Expenditure Finance Committee (EFC) approval, the scheme will utilize Rs 2.30 crore and Rs 97.30 crore in 2022-23 and 2023-24, respectively.
The parliamentary committee has recommended that the Centre take necessary measures to make the scheme operational, including pursuing the matter with the CCEA and revising the budgetary allocation as required. Once approved, the scheme can be swiftly implemented, according to the report.

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#Centre #Frames #Crore #Scheme #Industrial #Development #Ladakh #Awaits #CCEA #Nod
( With inputs from : kashmirlife.net )

April 4, 2023
Hyderabad: FTCCI to organise Industrial Innovation and Technology Expo

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Hyderabad: The Federation of Telangana Chambers of Commerce and Industry (FTCCI) will organise IITEX EXPO’– Industrial Innovation and Technology Expo –2023 here for three days from June 28.
MSMEs and companies which are operating in the domain of printing, packaging, food processing, electric vehicles and renewable energy have been invited to participate in the expo, FTCCI president Anil Agarwal said on Monday.
Speaking to reporters, he said the maiden exhibition is an ambitious initiative of the Chamber and will have 150 stalls.

The aim of the IITEX is to boost production through the use of the latest technology and innovations. The expo is our endeavour to get futuristic technologies for the benefit of MSMEs, he said.
Supported by the Ministry of MSME, Government of India, Telangana Government, the objective of the exhibiton is to showcase the latest innovations and technological developments, connect MSMEs with the latest technology, Research and Development, provide them with an opportunity for B2B connect across India and abroad, promote indigenisation and support the Atmanirbhar Bharat initiative, the FTCCI president said.
“It will be our endeavour to involve all regional chambers from across India. Further, it would be our endeavour to provide a platform for startups to showcase their expertise and competence in this area of specialisation,” Agarwal said.
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#Hyderabad #FTCCI #organise #Industrial #Innovation #Technology #Expo

( With inputs from www.siasat.com )

April 3, 2023
No proposal to establish any new defence industrial corridor in country: Govt

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New Delhi: There is no proposal to establish any new defence industrial corridor in the country, Parliament was informed on Friday.
Minister of State for Defence Ajay Bhatt said this in written response to a query in the Lok Sabha.
The government, in its budget for 2018-19, announced setting up of two defence industrial corridors (DICs) to develop a holistic defence manufacturing ecosystem in the country, he said.
One corridor has been established in Uttar Pradesh with six nodes, namely Aligarh, Agra, Jhansi, Kanpur, Chitrakoot and Lucknow. The second is in Tamil Nadu with five nodes, namely Chennai, Hosur, Coimbatore, Salem and Tiruchirappalli, he said.
“As per the information received from the government of Uttar Pradesh, 108
Memorandum of Understanding (MoUs) have been signed with industry/organisation having potential investment of Rs 12,191 crore. Investment of Rs 2,445 crore has already taken place in Uttar Pradesh Defence Industrial Corridor (UPDIC),” he said.
Further, as per information received from the government of Tamil Nadu, arrangements have been made with 53 industries for potential investment of Rs 11,794 crore. Investment worth Rs 3,894 crore has already taken place in Tamil Nadu Defence Industrial Corridor (TNDIC), the minister said.
Asked if there is any proposal to establish more defence industrial corridors in the
country, Bhatt said there is no proposal to establish any new defence industrial corridor.
In response to another query on “whether it is a fact that more than a dozen papers have been submitted by DGPs and IGPs in the recently concluded conference conducted by Intelligence Bureau on the subject ‘Chinese influence in the neighbourhood and implications for India’”, the minister said, “The information sought is sensitive in nature and cannot be divulged on the floor of the House in the interest of the national security.”

In response to another query on whether Hindustan Aeronautics Limited is in talks with various countries to sell its light combat aircraft Tejas, he said, “The information sought is sensitive in nature and cannot be divulged on the floor of the House in the interest of the national security.”
The minister of state for defence, in a separate written query, was asked whether the government has reduced the construction restrictions near defence establishments to just 50 metres from 500 metres.
He said in his written response: “The revised NoC guidelines issued by MoD on 23.12.2022 reducing the restricted distance in vicinity of defence establishment of Army, Navy and Coast Guard at specific locations to 50 metres have been kept in abeyance till standard operating procedure is formulated in consultation with stakeholders for issue of NoCs.”
On a written query on whether arrears of one rank one pension (OROP) been paid to the eligible pensioners of armed forces, the minister said the payment of arrears of OROP to eligible pensioners of the armed forces is in progress as per policy of the government.
“So far, Rs 5,065.70 crore has been paid as arrear of OROP to eligible pensioners of Armed Forces as on 13.03.2023,” he said.
In a separate question, the minister was also asked for details of private companies engaged in defence sector.
“Defence industry sector was opened up in May 2001 up to 100 per cent for Indian private sector participation. Since the opening up of defence sector, till date, a total of 601 industrial licenses have been issued to 368 companies operating in defence sector,” the minister said in a written response.
Bhatt also shared his written response on query on bullet proof jackets and helmets for armed forces and other law enforcement forces.
The government undertakes procurement of bullet proof jackets and helmets
for armed forces and other law enforcement forces from time to time from domestic
manufacturers, he said.
These are procured as per laid down specifications and authorization after due
testing and evaluation. Bullet proof helmets procured by Indian Army and Central Armed Police Forces are “compliant to the specifications and NIJ (National Institute of Justice of USA) protection/ threat levels approved by the competent authorities,” he said in his response.
The upgradation, procurement and provisioning of improved version of bullet
proof jackets and helmets, is a continuous process for which necessary steps
are taken regularly.
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#proposal #establish #defence #industrial #corridor #country #Govt
( With inputs from www.siasat.com )

March 24, 2023
Saudi: Huge increase in number of women in industrial sector

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The number of female workers in the industrial sector in the Kingdom of Saudi Arabia increased by 93 per cent between 2019 and 2022, the Saudi Press Agency (SPA) reported.
Between 2019 and 2022, 63,892 women are employed in the industrial sector from 33,000.
The Ministry of Industry and Mineral Resources stated that the largest percentage of Saudi female employees in the industrial sector is concentrated in the Riyadh region with 28,170 workers, then the Makkah region with 15,621 workers, and the Eastern region with 10,911 workers.
In addition, 2886 female workers work in the Qassim region, 2009 in Medina, 1465 in Asir, and 708 female workers in Jizan.
The ministry continues its efforts to improve the work environment and create quality jobs for male and female citizens through automation and reduce dependence on jobs with limited skills.
The ministry said that women working in the industrial sector have proven over the past years their competence and ability to participate in many tasks, in light of the support and empowerment they enjoy in accordance with the goals of the Kingdom’s Vision 2030, stressing that they are working to increase the active role of women in the sector.
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#Saudi #Huge #increase #number #women #industrial #sector

( With inputs from www.siasat.com )

March 10, 2023