Startup Scheme for Troubled Kashmir Proposed

CII members' delegation
CII members’ delegation

Startup Scheme for Troubled Kashmir Proposed

While the unrest in Kashmir has reached alarming levels, India’s leading industry body CII has suggested the local government to help youth start small businesses as a measure to restore normalcy in the state.

A CII members’ delegation led by Rahul Sahai, vice chairman, CII J&K (Jammu & Kashmir) State Council met Dr. Nirmal Singh, deputy chief minister, Government of J&K, last week and submitted a proposal for the startup scheme.

“We are keen that Government of J&K announces a startup scheme for the youth of our state,” said Sahai.

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According to CII, Dr. Singh assured its members his personal keenness towards startups and promised them full support in this direction. CII also proposed forming a core team involving industrialists, academicians and government to work on building startup eco-system.

CII members also briefed Dr. Singh on the plight of industry in J&K due to the current unrest. Dr. Singh briefed the members on the efforts being undertaken by the government to ensure normalcy.

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In another discussion, Dr. Singh asked members to share their views on the overall sentiment of industry for GST regime.

CII members assured Dr. Singh that industry is in full support to GST regime. However, they would be strongly recommending that GST should not affect the state level incentives which should be incorporated under the GST regime.

Photo courtesy: CII

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Rakesh Raman