Jammu biz men seek CM's intervention in revival of ailing MSME sector

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A body of industrialists on Thursday sought the intervention of Jammu and Kashmir Chief Minister Omar Abdullah to ensure revival of the MSME (micro, small and medium enterprise) sector of the Union Territory.

FOI chairman Lalit Mahajan said the industrial fraternity of Jammu has a lot of expectations from the new government and hopes it will ensure revival and strengthening of the MSME sector.

He said the existing MSMEs, mostly run by the sons of the soil, are suffering due to dilution of fiscal incentives and stiff competition from new units being established under the New Central Sector Scheme (NCSS).

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Category: BusinessFinance

Markets: India

Topics: CM intervention MSME sector Industrialists Jammu

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 14:55:43 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 337 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 43 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23100651

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