JAMMU, Mar 07: Rahul Sahai, Chairman of the Indian Chamber of Commerce (ICC) Jammu Chapter, has lauded the budget presented by Hon’ble Chief Minister and Finance Minister Jenab Omar Abdullah, calling it a well-balanced and growth-oriented financial plan that will accelerate the prosperity of Jammu & Kashmir.
Sahai who attended the hon’ble Cm’s budget presentation in J&K assembly in the gallery in a statement said “The budget reflects a strong commitment to industrial growth, tourism development, youth empowerment, and infrastructure expansion while ensuring inclusive economic progress”.
Rahul Sahai appreciated the government’s vision in promoting tourism by announcing key projects such as the development of Ranjit Sagar Lake, the construction of a water park at Sidhra, the expansion of Jamboo Zoo, and the establishment of a state-of-the-art Convention Centre at Sidhra. These initiatives will enhance J&K’s tourism potential , Specially Jammu’s tourism circuit and create employment opportunities for the youth. Rahul Sahai, Chairman of the Indian Chamber of Commerce (ICC) Jammu Chapter, has lauded the budget presented by Hon’ble Chief Minister and Finance Minister Jenab Omar Abdullah, calling it a well-balanced and growth-oriented financial plan that will accelerate the prosperity of Jammu & Kashmir.
Sahai who attended the hon’ble Cm’s budget presentation in J&K assembly in the gallery in a statement said “The budget reflects a strong commitment to industrial growth, tourism development, youth empowerment, and infrastructure expansion while ensuring inclusive economic progress”. Rahul Sahai appreciated the government’s vision in promoting tourism by announcing key projects such as the development of Ranjit Sagar Lake, the construction of a water park at Sidhra, the expansion of Jamboo Zoo, and the establishment of a state-of-the-art Convention Centre at Sidhra.
These initiatives will enhance J&K’s tourism potential , Specially Jammu’s tourism circuit and create employment opportunities for the youth. Sahai while welcoming a major boost to the MSME sector said that the budget proposes a ₹50 crore allocation for an incubation centre, price preference for J&K-based MSMEs on the GeM portal, and the expansion of the CGTMSE scheme under the RAMP initiative, which will significantly benefit small businesses. The proposal to develop a PM Unity Mall in Jammu for crafts and handicrafts is a welcome step that will empower local artisans and promote “Brand J&K” on a national and global level. The budget also takes a strong stance on industrial development, with a ₹625 crore allocation to support new industries and infrastructure expansion in 64 industrial estates, with 46 more under development.
The focus on streamlining SGST reimbursements, turnover incentives, and promoting sectors such as IT, renewable energy, and biotechnology will further strengthen the investment climate in the region.
Mr. Sahai particularly welcomed the decision to constitute an Advisory Committee on Industry and Tourism, ensuring continuous dialogue between the government and stakeholders.
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