BBIA appeals PM, FM to provide package to all existing, new units

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JAMMU: While describing extension of package of incentives to J&K as big relief to the industry here, Bari Brahmana Industrial Association (BBIA) has appealed to the Prime Minister and Union Finance Minister to extend this benefit to all the existing and new units in the State.
In a meeting of the members of Bari Brahmana Industries Association held here under the chairmanship of Lalit Mahajan, president, BBIA in presence of Suresh Mahajan, senior vice president, Ajay Langer general secretary, Vivek Singhal secretary and Viraaj Malhotra treasurer, the BBIA members discussed the extension of Central package of incentives to J&K Industrial units under GST regime.
Members conveyed their gratitude towards Prime Mini-ster Narendra Modi, Finance Minister Arun Jaitley, Chief Minister Mehbooba Mufti, DyCM Dr Nirmal Singh, Industries Minister Chander Parkash, and Finance Minister J&K Dr Haseeb Drabu for the extension of incentives to Industrial units located in J&K up to March 2027. It was resolved that the units working in the State have a sigh of relief with the extension of Central package under GST regime which ends the uncertainty prevailed in the mind of the Industrialists working in the State.
While going through the package of incentives announced by Govt of India, it was observed that the incentives was granted only to those Units who are getting Central Excise benefits prior to the GST for their residual period up to 31-3-2027 whereas, no incentives were given to existing units and the units who are in the process of substantial expansion and the new units.

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