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High-level panel for relief and revival of business sector to submit report by Sep 1

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Srinagar: In a significant development, Jammu & Kashmir administration on Tuesday constituted a high-level committee for working out a proposal for relief and revival of the business sector in the newly carved out Union Territory.

Headed by advisor K.K Sharma, the panel comprising senior bureaucrats and chairman/ managing director of Jammu & Kashmir Bank would hold discussions with business associations and submit a consolidated proposal for consideration of the government at the Union Territory and at Central level.

The panel comprising of Financial Commissioner, Finance,  Commissioner Secretary Industries and Commerce, Commissioner Secretary, Tourism department and Chairman/Managing  Director J&K Bank has been directed to submit a consolidated report by September 1, 2019, reads an order issued by the government today.

The announcement for constitution of the committee was made by Lieutenant Governor Manoj Sinha during his interaction with Kashmir Chamber of Commerce and Industries on Monday here.

During the interaction, the Lt Governor said that trade and industries are the major impact sectors for the economic development of any region and more effective measures are on cards to develop a conducive environment for the development and growth of industrial and business sector in the Union Territory of Jammu and Kashmir.

The members of the delegation of KCCI led by its President, Sheikh Ashiq Hussain apprised the Lt Governor about a range of concerning issues of the prominent business sectors including industries, hospitality, handicrafts sector, houseboats, tourism, private schools, apple cold storage, young entrepreneurs etc.

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